IATA Reports Stronger Freight Growth

Demand for global air freight was up 6.1 percent in September, IATA reported in its monthly statement.

Total capacity (in available freight tonne km) increased by 4.7 percent in the month over the same period last year.

IATA said the improved result was partly due to the rush replacement of Samsung Galaxy Note 7 phones.

“Demand for air cargo strengthened in September. Although with growth in world trade virtually at a standstill, the air cargo sector still faces some major hurdles,” IATA said in a statement.

Of the major markets, Europe posted the strongest gains with freight volumes up 12.6 percent. Asia-Pacific came in second at 5.5 percent and North America third on a 4.5 percent lift.

Africa saw a 12.7 percent increase in volumes, but represents only 1.5 percent of the total market.