Global air freight demand up only 1.2%

 

 

Although weak, the year-on-year figures showed an improvement from the 0.9 per cent increase in May and the 0.1 per cent growth in the first half, said the organisation which represents some 240 airlines comprising 84 per cent of global air traffic.

While previously the global economic trend has been defined by robust emerging economies and stagnant growth in developed markets, the strongest improvements in business confidence are now occurring in some developed economies. Nevertheless, overall business confidence, which is a key indicator for air freight, continues to be weak.

“It’s too early to tell if June was a positive turning point after 18 months of stagnation. Air freight volumes are at their highest since mid-2011, but that good news needs to be tempered with a dose of reality. The global economic environment remains weak, and the basis for the acceleration of air cargo growth in June appears to be fragile,” said Tony Tyler, IATA’s Director General and CEO.