The International Air Transport Association reported air freight demand increased 1.2 percent year-over-year in June, compared with a 0.9 percent year-over-year gain in May and a 0.1 percent increase in the first half of the year.
Although the strongest improvements in business confidence occurred in some developed economies, overall business confidence, a key indicator for air freight, continued to be weak, according to the IATA.
From May to June, global freight volume rose 0.8 percent compared with the same period last year. A quarter of that improvement was captured by European airlines, which recorded a 0.9 percent month-to-month increase in demand and a 2.6 percent increase compared with June 2012. Conversely, Asia-Pacific carriers and North American airlines recorded year-over-year declines of 1.8 percent and 1.2 percent respectively.
“It’s too early to tell if June was a positive turning point after 18 months of stagnation,” said Tony Tyler, IATA’s director general and CEO, in a written statement. “Air freight volumes are at their highest since mid-2011, but that good news needs to be tempered with a dose of reality. The global economic environment remains weak, and the basis for the acceleration of air cargo growth in June appears to be fragile.”