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Bringing new ideas to life through technology advancements, disruptive market strategies, and venture partnerships. The forecast summarizes the world’s major air trade markets, identifies major trends, and presents forecasts for the future performance and development of markets, as well as for the world freighter airplane fleet. World air cargo traffic has struggled to maintain sustained growth since the end of the global economic downturn in 2008 and 2009. After bouncing back in 2010, then stagnating in 2011 and 2012, air cargo began growing again in mid-2013, even growing 4. Growth accelerated in the first quarter of 2015, but, then traffic volumes remained flat for the rest of that year.
Air cargo traffic gathered some strength after a weak first quarter of 2016, and is projected to return to trend growth by 2018. Despite the weak growth of the past decade, more than one-half of air cargo is still carried on freighters. Our databases are revised regularly as individual sources revise their respective publications. This document would not be possible without the efforts of several contributors. 2017 production team included Boeing Commercial Airplanes Design Services, the Writing and Editing Services team, and our colleagues in the Market Analysis Group. Special thanks are due to David Franson for his diligent efforts on the world freighter fleet forecast. 760 airlines, as well his research and authoring of the Intra-Europe and South Asia chapters.
Matthew Kosmal researched and authored the Intra-Asia chapter. Jayden Lee researched and modelled our Africa chapter. The next update to the WACF will appear fourth quarter 2018. The authors welcome any questions or comments readers may have.