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Global Air Freight Up In July, Market Still Cautious

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The outlook for air freight markets is cautiously positive after signs of renewed growth in July, the International Air Transport Association (IATA) said on Monday.

International air freight traffic was up 0.7 percent from July 2012 and 0.5 percent from June 2013, IATA said.

As a result of the July performance, air freight volumes are at their highest level since mid-2011.

Tony Tyler, IATA's director general said: "The growth is encouraging, particularly in Europe.

"However, it is premature to say that air cargo may be emerging from the doldrums of the past 18 months. The weakness in Asia-Pacific freight markets and the deteriorating political situation in parts of the Middle East give ample reason for continued caution."

(Reuters)

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