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April 4, 2018
Global air cargo volumes were up 6.8 percent in February
According to data from the International Air Transport Association (IATA), global air cargo volumes rose 6.8% in February 2018 compared to the year-earlier period.
"Demand for air cargo continues to be strong with 6.8% growth in February," said Alexandre de Juniac, IATA's Director General and CEO. "The positive outlook for the rest of 2018, however, faces some potentially strong headwinds, including escalation of protectionist measures into a full-blown trade war. Prosperity grows when borders are open to people and to trade, and we are all held back when they are not."
Airlines in all regions reported an increase in demand in February. North American airlines' freight volumes expanded 7.3% compared to the same period a year earlier, and capacity increased by 4.1%. Latin American airlines experienced growth in demand of 8.7% and a capacity increase of 6.9%.
European airlines posted a 5.7% increase in freight volumes and capacity increased 3.8%. Middle Eastern carriers' year-on-year freight volumes increased 7.4% and capacity increased 7.6%.
Asia-Pacific airlines saw demand in freight volumes grow 6.5% in February and capacity increase by 7.2%, compared to the same period in 2017.
African carriers' saw freight demand increase by 15.9% in February 2018 compared to the same month last year - the largest increase of any region. Capacity increased by 3.9%.
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