IATA Reports Varied Growth In Air Freight

Air freight grew by four per cent in October compared to the year-before period, according to the International Air Transport Association (IATA). The measurement of freight tonne kilometers (FTK) showed a continuation of the trend of gradual expansion, with growth in all regions except Africa. IATA said air freight markets had responded to better economic confidence and improved consumer demand. Middle East carriers reported the biggest growth at 12.3 per cent, while European and North American airlines reported growth of 4.4 and 3.7 per cent. Asia-Pacific carriers grew by two per cent, but this growth arrested a decline seen over most of 2013.

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