Air freight demand falls in July: ‘Rough ride ahead” says IATA

GENEVA - IATA data for global air freight markets shows a fall in air cargo demand in July compared to the same month last year, down in freight tonne kilometres (FTK) by 0.6%, in line with weaker global economic growth.

The decline was broad-based across all regions with the exception of Africa and the Middle East. The most pronounced falls were in the Americas, where international FTK volumes were down more than 5% compared to July 2014.
“The recent stock-market turmoil shows that investors have real fears about the strength of the global economy, and the disappointing July freight performance is symptomatic of a broader slowdown in economic growth, said Tony Tyler, IATA’s Director General and CEO.
“The combination of China’s continued shift towards domestic markets, wider weakness in emerging markets, and slowing global trade indicate that it will continue to be a rough ride for air cargo in the months to come.” www.iata.org (ATI).