April cargo growth up on March: IATA

The latest figures from the International Air Transport Association (IATA) indicate that worldwide air freight markets (domestic and international) grew by 3.3 per cent in April, up from 1.3 per cent in March. On international air freight markets the improvement was also larger, with volume growth accelerating from 2.8 per cent in March to 5.4 […]


airfreight markets IATA International Air Transport Association


The latest figures from the International Air Transport Association (IATA) indicate that worldwide air freight markets (domestic and international) grew by 3.3 per cent in April, up from 1.3 per cent in March. On international air freight markets the improvement was also larger, with volume growth accelerating from 2.8 per cent in March to 5.4 per cent in April. Even with this improvement these growth rates are a substantial deceleration from the market growth seen last year, IATA said. World trade has been expanding strongly in recent months, at close to a 10 per cent annual rate, but with little apparent benefit for air freight. Ocean transportation has seen the most recent benefits. This followed a very strong post-recession rebound in air freight when the need for businesses to restock led them to use air freight for this time sensitive inventory rebuild. That air freight expansion peaked just after the ash cloud closed much of Europe’s airspace last April. Since then the size of the air freight market has shrunk by 6 per cent, according to IATA.