IATA reports increased demand for air cargo

The International Air Transport Association (IATA) has released data for global air freight demand in June showing a rise in freight tonne kilometers (FTK) of 4.3 percent year-on-year, the company said.

The company reported freight capacity measured in available freight tonne kilometers (AFTKs) increased by 4.9 percent year-on-year, keeping yields under downward pressure. Freight demand increased year-on-year in June across all regions with the exception of Latin America, which recorded a 9.8 percent decrease, compared to the same period last year. The Middle East and Europe posted the fastest demand growth in June with year-on-year increases of 8.0 percent and 5.1 percent respectively.

Asia-Pacific airlines reported a 3.5 percent increase in demand for air cargo in June compared to last year. North American carriers saw freight volumes expand 4.3 percent in June compared to the same period last year. European airlines witnessed a 5.1 percent increase in freight volumes and a 4.9 percent increase in capacity in June. Middle Eastern carriers posted an 8.0 percent increase in freight volumes of all regions for the 16th consecutive month in June. Latin American airlines reported a decline in demand of 9.8 percent and a decrease in capacity of 2.6 percent. African carriers recorded 0.4 percent freight growth in June 2016 compared to the same period last year.

The International Air Transport Association is a trade association of 260 airlines representing 117 countries. IATA supports airline activity and helps formulate industry policy and standards.