IATA: Air freight markets continue recovery
This continues the strengthening in cargo markets which began in the second half of 2013.
April 3, 2014
The International Air Transport Association (IATA) released data for global air freight markets in February showing a 2.9 per cent increase in demand compared to February 2013. The first two months of 2014 have seen an overall 3.6 per cent improvement in demand over the previous year. This continues the strengthening in cargo markets which began in the second half of 2013.
Regional performance was mixed. European and Middle-Eastern carriers continue to grow strongly especially the Middle Eastern one which recorded 11.9 per cent growth compared to last year. North American and Asia-Pacific markets, on the other hand, were basically flat or declining with the latter growing just 0.1 per cent.