Global air cargo demand falls 4.8pc in June for 8th straight month: IATA
GLOBAL air freight market demand, measured in freight tonne kilometres (FTKs), dropped by 4
GLOBAL air freight market demand, measured in freight tonne kilometres (FTKs), dropped by 4.8 per cent year on year in June, marking the eighth straight month of year-on-year decreases in volumes, data published by the International Air Transport Association (IATA) shows.
'Signs of a modest recovery in recent months appear to have been premature, with the June contraction broad-based across all regions with the exception of Africa. Capacity growth remains subdued and the cargo load factor continues to fall. Globally, trade growth is languishing, and business uncertainty is compounded by the latest tariff increases in the US-China trade dispute,' IATA said in a statement.
Commenting on the decline, IATA's director general Alexandre de Juniac said: 'Global trade continues to suffer as trade tensions?particularly between the US and China?deepen. As a result, air cargo markets continue to contract.
'Nobody wins a trade war. Borders that are open to trade spread sustained prosperity. That's what our political leaders must focus on,' he said