Air freight demand growth eased In April

Global demand for air freight rose 8.5% in April, but IATA says there are signs that the cyclical growth peak for air cargo has passed. IATA said in its monthly air freight market update that business confidence indicators remain consistently upbeat and that there is often a boost in demand at the beginning of an economic upturn as companies look to restock inventories quickly. But IATA DG Alexandre de Juniac cautioned that “Demand eased in April. Growth rates, however, are still much more robust than anything we have seen in the last six years. That’s good news, but it should not be taken as a message that all is well in air cargo.” Africa topped the table for growth in April on 26%, but in the major markets, Europe again came out on top with a 12.9% improvement in demand. Asia Pacific saw an 8.4% uplift, with North America close behind on 7.3% growth. Latin America was the only region where freight demand shrank, dropping 1.9% in the month.<br/>