newstodate.aero
Dec 5, 2007 (newstodate): Weaker global economic outlooks are reflected in IATA's latest world cargo reportings.
While passenger volumes continue to rise, the economic volatility is having a more immediate effect on international air freight demand, IATA says.
Cargo demand grew 3.6 percent, y-o-y, in October, but this is down from the 5.0 percent year-on-year growth recorded in September, and partly reverses the strong pick up of freight growth seen in mid-2007.
January-October freight demand was up four percent, but leading air freight indicators such as semi-conductor shipments and global manufacturing business confidence levels have slowed in recent months.
While passenger volumes continue to rise, the economic volatility is having a more immediate effect on international air freight demand, IATA says.
Cargo demand grew 3.6 percent, y-o-y, in October, but this is down from the 5.0 percent year-on-year growth recorded in September, and partly reverses the strong pick up of freight growth seen in mid-2007.
January-October freight demand was up four percent, but leading air freight indicators such as semi-conductor shipments and global manufacturing business confidence levels have slowed in recent months.