Air cargo demand, measured in freight tonne kilometres, grew by 10.4 per cent in the first-half of 2017 compared to the first-half of 2016, according to the International Air Transport Association.
Demand growth outstripped capacity growth, which grew by 3.6 per cent (measured in available freight tonne kilometres) in the first half.
European airlines posted a 13.6 per cent year-on-year increase in freight demand in in the first half.
North American carriers saw first half demand demand increase by 9.3 per cent – this contrasts with the negative growth seen during the same period in 2016.
In Asia-Pacific first half demand grew 10.1 per cent.
“Air cargo is flying high on the back of a stronger global economy. Demand is growing at a faster pace than at any time since the global financial crisis. That’s great news after many years of stagnation. And, even more importantly, the industry is taking advantage of this momentum to accelerate much-needed process modernisation and improve the value it provides to its many customers,” said Alexandre de Juniac, IATA’s director general and chief executive.