Global air cargo growth slows, thanks to recent Middle East violence
Airline members of the International Air Transport Association carried 3.7 percent more cargo in July than a year earlier. The slow growth was attributed to the violent conflict in the Middle East, which had been the fastest growing region for the past two years. Traffic results for the first seven months of the year show growth of 5.3 percent for freight over the same period last year.
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In the Middle East, traffic grew by 15.2 percent in July. Year to date, volume growth was at the higher pace of 18.2 percent, with 16.2 percent growth in capacity. Middle Eastern traffic accounts for 7.7 percent of global traffic.
Via Air Cargo World.
I find it interesting that a region of the world most people think of as one giant trouble spot has been the fastest growing air cargo region for the past 2 years. Emirates continued profits and rapid growth and the rise of other regional airlines is proof that trade is booming, despite the difficulties in a number of the surrounding countries.
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