Cargo markets remain weak: IATA

June saw a rise of 0.8 per cent in air freight volumes

air freight IATA International Air Transport Association June Middle East airlines North American Tony Tyler

The International Air Transport Association (IATA) announced global traffic results for June showing a continued slowing of growth in the demand for air transport. June air freight volumes recorded a 0.8 per cent increase compared to the previous year. This brought the seasonally adjusted June demand about 2.5 per cent above the low reached in the fourth quarter of 2011. The global picture masked the strong growth for Middle East airlines (17.9 per cent) and the improvement in North American air freight demand.

According to IATA director general and chief executive Tony Tyler, “Freight markets gains have been mostly very weak.The net effect is a demand limbo as consumers and businesses hedge their spending.”