By browsing on our website, you are agreeing to our cookies policy.

 
 
All regions reported year-on-year demand growth in July, except Africa which contracted, according to IATA All regions reported year-on-year demand growth in July, except Africa which contracted, according to IATA

IATA: Moderate Freight Growth Continues in July

International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometres, rose 2.1 percent in July, compared to the same period in 2017.

This was the slowest pace of growth seen since May 2016 and well below the five-year average growth rate of 5.1 percent.

Freight capacity, measured in available freight tonne kilometres, grew by 3.8 percent year-on-year in July, the fourth time in five months that capacity growth outstripped demand growth.

While the temporary grounding of the Nippon Cargo Airlines fleet may have exaggerated a slowdown in growth at the beginning of July, there are indications slower growth will continue.

Alexandre de Juniac, CEO, IATA, commented, “We still expect four percent growth over the course of the year, however the downside risk has increased.”