Carriers optimistic with uptick in freight traffic
The 1.2 percent rise in global freight tonne kilometers (FTKs) in July year-on-year, slightly better than the 0.9 percent year-on-year increase recorded in June, raised hopes of carriers. “The growth is encouraging, particularly in Europe. However, it is premature to say that air cargo may be emerging from the doldrums of the past 18 months. The weakness in Asia-Pacific freight markets and the deteriorating political situation in parts of the Middle East give ample reason for continued caution,” said Tony Tyler, the International Air Transport Association’s director general and CEO. As a result of the July performance, air freight volumes are at their highest level since mid-2011. Capacity increased.... Read more
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