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Middle Eastern carriers' freight volumes grew 3.8 percent in June Middle Eastern carriers' freight volumes grew 3.8 percent in June

IATA: Freight Growth Slowdown Continues in June

International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometres, rose 2.7 percent in June, compared to the same period in 2017.

This continues the slowdown in air cargo growth that began earlier this year. Growth for the first half of this year stands at 4.7 percent, less than half the growth rate in 2017. Freight capacity, measured in available freight tonne kilometres, rose by 4.1 percent in June. Capacity growth has now outstripped demand growth in every month since March.

“Air cargo continues to be a difficult business with downside risks mounting. We still expect about four percent growth over the course of the year. But the deterioration in world trade is a real concern,” said Alexandre de Juniac, CEO, IATA.