The International Air Transport Association (IATA) released demand growth results for global air freight markets for February 2017 showing an 8.4% increase in demand measured in freight tonne kilometers (FTKs) compared to the same period last year. After adjusting for the impact of the leap year in 2016, demand increased by 12% — almost four times better than the five-year average rate of 3.0%. Freight capacity, measured in available freight tonne kilometers (AFTKs), shrank by 0.4% in February 2017. The continued growth of air freight demand in 2017 is consistent with an uptick in world trade which corresponds with new
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