Brussels, 31/07/2013 (Agence Europe) - The International Air Transport Association (IATA) reports that air freight is doing better. June figures showed a 1.2% year-on-year expansion in global air freight demand and Europe also looks set to be part of this optimistic trend.
IATA Secretary General Tony Tyler said that it was too early to say whether June will be a turning point after 18 months of stagnation. Although air freight volumes are at their highest since the middle of 2011, “that good news needs to be tempered with a dose of reality”. He explained that “the global economic environment remains weak, and the basis for the acceleration of air cargo growth in June appears to be fragile”. Europe is doing rather well and experienced growth of 2.6% compared to June last year. IATA said that this is down to signs of stability in the euro zone despite the recession. It also noted greater consumer confidence, which had increased demand for the transport by air of lightweight value-added goods. (MD/transl.fl)