MidEast Carriers Lead World on June Cargo Growth

Globally, June figures released by IATA showed a 1.2 per cent year-on-year expansion in air freight demand.


IATA


Middle Eastern airlines led the world on cargo performance during June with double-digit growth, the International Air Transport Association (IATA) has said.

Regional airlines saw a continued robust expansion of demand with freight volumes growing by 12.7 per cent year-on-year.

“The consistent high growth in recent years, as the region’s carriers take advantage of the geographical position of the Middle East, has led to a substantial increase in its share of world air freight,” IATA said in a statement.

Globally, June figures released by IATA showed a 1.2 per cent year-on-year expansion in air freight demand.

Although weak, this is an improvement when compared to the 0.9 per cent year-on-year demand growth recorded in May and the 0.1 per cent growth realised over the first half of the year.

“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,” IATA said.

From May to June, global freight volumes increased by 0.8 per cent. A quarter of that improvement was captured by European airlines which saw a 0.9 per cent improvement in demand compared to May, and 2.6 per cent up compared to June 2012.