2023-09-15 21:31:08
Geneva (Union)
The International Air Transport Association (IATA) revealed an increase in demand for air freight globally during the month of July, despite the challenges represented by the decline in global trade volumes.
IATA stated, in a statement yesterday, that global trade declined for the third consecutive month in June, by 2.5% on an annual basis, which reflects the slowdown in demand and current economic challenges.
Willie Walsh, Director General of the International Air Transport Association (IATA), said that compared to July 2022, demand for air freight was essentially flat, and we consider these numbers a significant improvement, as the trend of strengthening demand that began in February continues.
Airlines in the Middle East recorded a 1.5% year-on-year increase in cargo volumes last July, and demand on Middle East and Asian routes witnessed an upward trend over the past two months, while capacity increased by 17.1% compared to July 2022.
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