IATA: Demand for air cargo strengthens in July

The International Air Transport Association (IATA) released data for global air freight markets in July 2016 showing robust growth in demand. Measured in freight tonne kilometers (FTKs), demand increased 5.0% in July 2016, compared to July 2015. This was the fastest pace in almost 18 months. Freight capacity measured in available freight tonne kilometers (AFTKs) increased by 5.2% year-on-year, outstripping demand and keeping yields under pressure. Despite the subdued global trade backdrop, carriers in the world’s four biggest air cargo markets – Asia-Pacific, Europe, North America and the Middle East – reported an increase in freight demand. The strongest growth