IATA: Cargo Market Still Under “Tremendous Pressure” Despite Solid January

The International Air Transport Association (IATA) said air cargo volumes grew by 2.7 per cent year-on-year in January 2016, the sector’s fastest rate of growth since April last year.

The International Air Transport Association (IATA) said air cargo volumes grew by 2.7 per cent year-on-year in January 2016, the sector’s fastest rate of growth since April last year.

According to IATA’s latest Air Freight Market Analysis, demand in the Middle East rose 8.8 per cent, followed by Europe and North America both seeing year-on-year increases of 2.5 per cent.

Asia-Pacific, the region with the world’s largest cargo market share, grew by 1.3 per cent for the month.

However, IATA’s chief executive Tony Tyler said that despite growth in January, cargo market yields and revenues remain under “tremendous pressure".

 

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