IATA Figures Indicate Air Cargo Markets Have ‘Stalled’
The International Air Transport Association (IATA) released figures in April for air freight markets that showed a growth of 1.4 percent from last April. This growth offset March’s 2.6 percent decline in comparison to March of last year, and simultaneously…
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continues an 18-month trend of no growth in cargo markets. However, IATA’s Director General and CEO Tony Tyler said “some encouraging signs of growth” can be seen in emerging markets like Latin America and the Middle East. This growth can be attributed to factors like strong domestic demand and the opening of new routes to developing economies, said IATA in a press release (here) .