Global air freight demand has grown by 1.2 per cent year-on-year in June, compared to the 0.9 per cent year-on-year demand growth recorded in May, reveals the International Air Transport Association’s (IATA) in its recently released June figures.
The association said that a quarter of global freight volumes’ 0.8 per cent increase from May to June was thanks to European airlines, which also saw a 0.9 per cent improvement in demand from May to June.
But it reported that Asia-Pacific carriers and North American airlines have recorded year-on-year declines of 1.8 per cent and 1.2 per cent respectively.
“It’s too early to tell if June was a positive turning point after 18 months of stagnation, said Tony Tyler, IATA’s director general and chief executive officer.
“Air freight volumes are at their highest since mid-2011, but that good news needs to be tempered with a dose of reality.
“The global economic environment remains weak, and the basis for the acceleration of air cargo growth in June appears to be fragile.”