AIRFREIGHT markets are starting to show signs of renewed growth, according to IATA statistics.
Global freight tonne kilometers (FTKs) were up 1.2 per cent in July year-on-year, slightly better than the 0.9 per cent growth in June.
There was a solid 0.5 per cent increase in airfreight volumes in July compared to June.
The rise in global FTKs over the month adds to the likelihood that the market might break out of the stagnation of the past 18 months, says an IATA statement.
Data collected from the air cargo industry shows there have been modest monthly increases in airfreight volumes since April.
As a result, global FTK volumes in July are the highest they have been since mid-2011.
“However, the factors supporting the current improvement in air freight volumes remain shaky,” says a spokesperson.
European airlines contributed to the rise in global FTKs in July, for the second consecutive month. European airline FTKs were up 1.5 per cent in July year-on-year, and 0.3 per cent in July compared to June.