Wednesday 21st Oct 2020 - Logistics & Supply Chain

Air freight demand grows by 3.2 pc

In April, airfreight demand grew by 3.2 pc, measured in freight tonne kilometres (FTKs), year on year, according to figures by the International Air Transport Association (IATA). The association said that yields ‘remained pressured’ as freight capacity in April increased by 6.6 pc compared to the same time last year.

Air freight demand grows by 3.2 pcIt said that the rise in demand was seen across all regions apart from Latin America.

The Middle East saw demand increase by 7.7 pc, while Europe saw a rise of 6.8 pc – these regions had the strongest growth compared to last year.

Despite this, the association said that air cargo demand remains ‘soft and lags behind the relatively robust growth on the passenger side of the business’, driven by weak world trade.

“While the April uptick in demand growth for air cargo is encouraging, the overall economic environment is not. The decline in global trade does not bode well for air cargo markets in the months ahead,” said Tony Tyler, IATA’s Director General and CEO.


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