Global air freight demand recorded its strongest first half-year performance in 2017 since the air cargo industry’s rebound from the global financial crisis in 2010, according to data released by the International Air Transport Association (Iata).
Demand grew by 10.4% in comparison with the first half of 2016, almost triple the industry’s average growth rate of 3.9% over the last five years, an Iata report released yesterday (Wednesday) revealed.
“The sustained growth of air freight demand is consistent with an improvement in global trade, with new global export orders remaining close to a six-year high,” said Iata director general and CEO, Alexandre de Juniac.
Freight capacity also rose, although less significantly, by 3.6%.
“Demand growth continues to significantly outstrip capacity growth, which is positive for yields,” added De Juniac.