May 30, 2016
Global air cargo volumes increased 3.2% in April compared to the same month last year, according to the most recent data released by the International Air Transport Association (IATA).
IATA notes that yields remained pressured as April freight capacity (measured in available freight tonne kilometers) increased by 6.6% year-on-year.
The increase in demand was broad-based across all regions with the exception of Latin America. The strongest growth occurred in the Middle East and Europe, with April demand up by 7.7% and 6.8%, respectively, compared to the same period last year.
According to IATA, while growth appears to be stronger than in the preceding months of 2016, this is largely due to the disappearance from the comparison data of distorting factors associated with the 2015 strike at seaports on the US West Coast.
"While the April uptick in demand growth for air cargo is encouraging, the overall economic environment is not. The decline in global trade does not bode well for air cargo markets in the months ahead," said IATA's Director General, Tony Tyler.