Air Freight Demand Growth Slows To 0.9 Pct - IATA

Demand for global air freight rose only 0.9 percent in May on broad weakness in world trade volumes, IATA said.

"Global trade has basically moved sideways since the end of 2014 taking air cargo with it. Hopes for a stronger 2016 are fading as economic and political uncertainty increases", IATA Director General Tony Tyler said in a statement.

Available capacity rose 4.9 percent in the month, with load factors falling by 1.7 percentage points to 41.9 percent.

The overcapacity means air cargo companies are battling falling yields, with Lufthansa Cargo describing the drop in prices as a "landslide".