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March 7, 2018
Global air freight demand rose 8 percent in January
According to data from the International Air Transport Association (IATA), global air cargo volumes rose 8.0% in January 2018 compared to the year-earlier period. This was up from the 5.8% annual growth recorded in December 2017.
IATA says the continued positive momentum in freight growth into 2018 reflects the fact that demand drivers for air cargo remain supportive.
Airlines in all regions reported an increase in demand in January. North American airlines' freight volumes expanded 7.5% and European airlines posted a 10.5% increase in freight volumes. Asia-Pacific airlines saw demand in freight volumes grow 7.7% and Middle Eastern carriers' freight volumes increased 4.4%. Latin American airlines experienced a growth in demand of 8.0%, and African carriers' saw freight demand increase by 12.9%
"With 8% growth in January, it's been a solid start to 2018 for air cargo. That follows an exceptional year in which demand grew by 9%. We expect demand for air cargo to taper to a more normal 4.5% growth rate for 2018. But there are potential headwinds. If President Trump follows through on his promise to impose sanctions on aluminum and steel imports, there is a very real risk of a trade war. Nobody wins when protectionist measures escalate," said Alexandre de Juniac, IATA's Director General and CEO.
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