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Global air cargo volume was up 3.9% in August

October 5, 2016

According to data from the International Air Transport Association (IATA), global air cargo volumes increased 3.9% in August 2016, compared to August 2015.

The airlines association says industry conditions have improved since the particularly soft patch at the start of the year and carriers in all regions except Latin America reported an increase in year-on-year demand in August.

IATA notes however that regional results varied considerably. For the third time in four months airlines based in Europe posted the highest collective annual growth of all regions, at 6.6%, while airlines in the Middle East experienced their slowest growth in more than seven years.

North American carriers saw freight volumes expand 5.5% compared to the same period last year, and Asia-Pacific airlines reported a 2.8% increase in demand for air cargo.

"August numbers showed improvements in cargo demand," said IATA's Director General, Alexandre de Juniac. "While this is good news, the underlying market conditions make it difficult to have long-term optimism. World trade volumes fell by 1.1% in July with no improvement on the horizon. And the current global political rhetoric in much of the world is more focused on protectionism than trade promotion. Economies need to grow out of the current economic doldrums."

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