IATA Reports “modest” Improvement In Cargo Results

Global air cargo traffic results for July showed “a continuation of the modest improvement trend experienced in June”, according to the International Air Transport Association (IATA). Global freight tonne kilometers (FTKs) were up 1.2 per cent in July year-on-year, slightly better than the 0.9 per cent year-on-year increase recorded in June. IATA said growth in Europe and the Middle East offset weakness in Asia. The organisation says air freight volumes are now at their highest level since mid-2011. Capacity increased 3.4 per cent compared to July 2012, pushing load factor down to 43.3 per cent. “It is premature to say that air cargo may be emerging from the doldrums of the past 18 months,” commented Tony Tyler, IATA’s director general and CEO. “The weakness in Asia-Pacific freight markets and the deteriorating political situation in parts of the Middle East give ample reason for continued caution.”

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