The global air freight market has shown modest growth in March, according to IATA.
The latest data shows a 1.6 per cent rise in volumes in March compared with the same period in 2014 and stands in stark contrast to the 12.2 per cent rise reported for February.
The global picture is mixed with strong demand in the Middle East, but a contracting market in Latin America and Europe. “The air cargo industry is on a solid but unspectacular growth trend,” said Tony Tyler, IATA’s CEO.
“And there is little evidence today that would point towards an acceleration as the year goes on.”
However, freight performance for the first quarter of 2015 did outstrip IATA’s original predictions, with a 5.3 per cent growth rate over 2014, which is 0.8 per cent higher than IATA’s outlook for the sector published in December.