By Staff writer
Region posts largest increase in freight volumes in June but growth is half that seen during first half of 2015
Middle Eastern carriers posted the largest increase in freight volumes in the world for the 16th consecutive month in June, according to new figures released by the Interational Air Transport Association (IATA).
The aviation authority said in a statement that cargo growth hit eight percent year on year while capacity increased by 8.7 percent.
IATA added that although the leader in market growth, the Middle East’s international freight growth rate (6.5 percent) for the first six months of 2016 is less than half the 14.3 percent average growth for the same period in 2015.
Globally, IATA said air freight demand in June showed a rise in freight tonne kilometres (FTK) of 4.3 percent year-on-year, the fastest pace of growth in 14 months.
Freight capacity measured in available freight tonne kilometres (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.
Tony Tyler, IATA’s director general and CEO, said: "June saw an improvement in demand for air freight. That’s good news. However, we cannot read too much into one month’s performance. Air cargo markets have been in the doldrums for several years during which there were several false starts on indications for improvement."For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.