IATA Sees Slight Growth in June Air Freight, Mostly in Middle East
June air freight volume was up 0.8% from the previous year, said the International Air Transport Association. This brings seasonally adjusted June demand about 2.5% above the low reached in the fourth quarter of 2011, it said. There was strong…
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growth for Middle East airlines (17.9%) and improvement in North American air freight demand. "The uncertainty that we see in the global economic situation is being reflected in air transport's performance, said IATA Director General Tony Tyler. "Freight markets gains have been mostly very weak." North American carriers' freight demand grew 1.8% compared to the previous June, while capacity shrank by 1.0%. Middle East carriers had a 17.9 % increase in demand and a 14.2% increase in capacity, with much of the demand for moving goods between the Middle East and Africa and also toward Europe and Asia. African airlines had a 15.9% increase in demand and a 12.1% increase in capacity, IATA said. Asia-Pacific airlines reported a 3% decline in demand, with a 1.3% cut in capacity. Latin American airlines recorded a 1.4% decline in demand while capacity grew by 12.5%.