Global air freight markets showed slow improvement amidst insufficient capacity, data from the International Air Transport Association (IATA) revealed. Asia Pacific airlines, in particular, saw air cargo demand fall 18.3 percent in August compared to the same period a year earlier, with capacity down 35 percent in the region. On a month-on-month basis, IATA said global demand moved slightly in a positive direction but at a slower pace than some of the traditional leading indicators would … [Read more...] about Capacity crunch stalls air cargo demand in August
International Air Transport Association (IATA)
IATA reports continued double digit demand growth for freight
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), increased by 12.1% in August 2017, compared to the same period a year ago. This was the fifth time in six months of double-digit gains on the previous year’s performance. Demand is growing at exceptional speed when compared to the five-year average growth rate of 4.4%. Freight capacity, measured in available freight tonne … [Read more...] about IATA reports continued double digit demand growth for freight