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August 04, 2017
IATA says global air freight demand increased 11% in June
According to data from the International Air Transport Association (IATA), global air cargo volumes increased 11% in June 2017 compared to the year-earlier period.
"Air cargo is flying high on the back of a stronger global economy. Demand is growing at a faster pace than at any time since the Global Financial Crisis. That's great news after many years of stagnation. And, even more importantly, the industry is taking advantage of this momentum to accelerate much-needed process modernization and improve the value it provides to its many customers," said Alexandre de Juniac, IATA's Director General and CEO.
All regions experienced positive freight growth in June. Asia-Pacific airlines' freight volumes grew 10.1% in June 2017 compared to the same period in 2016.
North American carriers saw freight demand increase by 12.7% in June 2017 year-on-year and capacity increase by 3%. and European airlines posted a 14.3% year-on-year increase in freight demand in June 2017 and a capacity rise of 6.1%.
Middle Eastern carriers' freight volumes increased 3.7% year-on-year and Latin American airlines experienced a growth in demand of 9.8%
African carriers had the fastest growth in year-on-year freight volumes, up 31.6% in June 2017 and a capacity increase of 7.6%.
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