September 7, 2016
ccording to data from the International Air Transport Association (IATA), global air cargo volumes increased 5.0% in July 2016, compared to July 2015. This was the fastest pace in almost 18 months.
IATA reports that carriers in the world's four biggest air cargo markets - Asia-Pacific, Europe, North America and the Middle East - reported an increase in freight demand, despite the subdued global trade backdrop.
The strongest growth occurred in Europe and the Middle East, with July demand up by 7.2% and 6.7% respectively, compared to the same period last year.
North American carriers saw freight volumes expand 4.1% in July 2016 compared to the same period last year, and Asia-Pacific airlines reported a 4.9% increase in demand for air cargo.
"July was a positive month for air freight-which is an all too rare occurrence. Despite that, we must recognize that we face some strong headwinds on fundamental aspects of the business. Global trade growth is sluggish and business confidence is weak. And the political rhetoric on both sides of the Atlantic is not encouraging for further trade liberalization," said Alexandre de Juniac, IATA's Director General and CEO.