IATA: March air freight demand falls
Demand for global air freight fell 2% in March on subdued growth in world trade, IATA said in its monthly update. Another reason for the drop was the impact of a US port strike that had bolstered year-earlier figures. Available capacity rose 6.9% in the month, with load factor down by 4.0 percentage points to 43.5%. "Expectations of purchasing managers gives little optimism for an early uptick. The combination of fierce competition, capacity increases and stagnant demand makes this a very difficult environment in which to generate profits," IATA DG Tony Tyler said.<br/>
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IATA: March air freight demand falls
Demand for global air freight fell 2% in March on subdued growth in world trade, IATA said in its monthly update. Another reason for the drop was the impact of a US port strike that had bolstered year-earlier figures. Available capacity rose 6.9% in the month, with load factor down by 4.0 percentage points to 43.5%. "Expectations of purchasing managers gives little optimism for an early uptick. The combination of fierce competition, capacity increases and stagnant demand makes this a very difficult environment in which to generate profits," IATA DG Tony Tyler said.<br/>
