Air freight volumes show declining market in Asia, US: IATA

GENEVA - Asia-Pacific based airlines (-1.0%), those in North America (-3.3%) and Latin America (-7.3%) have led falls in air freight volumes in August. International Air Transport Association (IATA) data for global air freight markets shows August freight volumes globally rising by 0.2% compared to the same month a year ago, a modest improvement on July performance when freight demand contracted by 0.6% on-year.

Carriers in the Middle East reported the most significant growth (10.4%) followed by African (2.3%) and European airlines (0.7%). All regions reported capacity expansions ahead of growth in demand.     
Total freight traffic market shares by region of carriers in terms of Freight Tonne Kilometres are: Asia-Pacific 38.5%, Europe 23.2%, North America 20.1%, Middle East 14.2%, Latin America 2.6%, Africa 1.5%. www.iata.org (ATI).