International air freight rises 4.9% in June

GENEVA - The volume of international air freight traffic rose 4.9 percent in June compared to the same month a year ago indicating cross-border trade may be strengthening, the International Air Transport Association (IATA) said on Monday.

By (Reuters)

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Published: Mon 30 Jul 2007, 6:37 PM

Last updated: Sat 4 Apr 2015, 10:23 PM

The Geneva-based industry group said while freight demand grew just 2.7 percent in the first six months of 2007 on the same period a year ago, the latest data would indicate it is gaining steam as the year progressed.

“This is the second consecutive month of strengthening demand for freight, following the 5.0 percent growth recorded in May, and could be indicating a return to historical growth levels in the 5-6 percent range,” IATA said in a statement.

Air freight traffic, measured in freight tonne kilometres, is considered an indicator of the health of world trade. Middle Eastern airlines led the June freight demand rate increase with 11.1 percent growth, followed by the Asia Pacific region which saw a 7.4 percent rise. North American freight demand rose just 0.4 percent in the month.

For the first half of the year, freight traffic growth rates decreased in three regions -- North America, Latin America and Africa -- and rose 11.7 percent in the Middle East and 4.6 percent in the Asia Pacific.

Air passenger demand slows

International air passenger demand, meanwhile, rose 5.3 percent year-on-year in June in its lowest growth rate in nine months. For the first half of this year, IATA said air passenger traffic rose 6.3 percent over the same period in 2006.

The largest passenger traffic increase in June was in the Middle East, which saw a 16.2 percent rise, followed by North America with a 5.8 percent rise and the Asia Pacific region with a 5.0 percent rise. The Middle East and Africa led the first-half increase.

IATA, whose figures exclude domestic flights, represents 250 airlines comprising 94 percent of cross-border scheduled air traffic. It has forecasted the airline industry will turn a profit of $5.1 billion in 2007.

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