IATA: Global air freight post strongest first-half growth in 7 years

Due to a surge in global trade, demand for global air freight rose 11 per cent in June lifting first-half growth to the highest since 2010, the International Air Transport Association (IATA) said on Wednesday.

“Air cargo is flying high on the back of a stronger global economy.

News Agency of Nigeria (NAN) reports that demand is growing at a faster pace than at any time since the Global Financial Crisis,” said IATA Chief Executive, Alexandre de Juniac.

New global export orders remained close to a six-year high  the association added.

Air freight demand, measured in freight tonne kilometres, climbed 10.4 per cent for the first half.
Available capacity rose 5.2 per cent in June.
Earlier on Wednesday, German airline Lufthansa raised its forecast for its air freight unit.

Posted by Juliet Ekwebelam