Slower global economic growth had a major impact on the development of the air freight market in 2013. According to IATA, the global air freight market expanded by only 1%, to 49.8 million tonnes. Freight revenues contracted by USD 3 billion to USD 61 billion. IATA expects freight demand to grow by 4% in 2014 and revenues to increase by 3% to USD 63 billion.

Russian airlines held about 2% of the global freight market in 2013, transporting about 1 million tonnes or 1.3% more than in 2012. However, their freight turnover decreased by 1.3% y-o-y in 2013 to 5 billion tonne-kilometers.

The carriage of freight by Russian airlines on international routes rose slightly in 2013 to about 684,000 thousand tonnes, representing 68% of all freight carried by Russian airlines. Freight volumes on domestic routes remained almost unchanged at about 317,000 tonnes.

AirBridgeCargo (a part of Volga-Dnepr) remained the biggest Russian air freight carrier in 2013, with JSC Aeroflot in second place. The five biggest Russian freight carriers accounted for 76.2% of total volumes last year.

Aeroflot revised its strategy for freight business in 2013, deciding to focus on belly cargo on regular passenger flights.

Air cargo Volumes of Russian Airlines, thousand tonnes
Structure of the Russian Air cargo Market,%