Air freight demand grows 9.9pc in June: IATA

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Islamabad

Air freight demand grew 9.9 percent in June, an improvement on pre-crisis levels, said the International Air Transport Association (IATA).

In a statement issued on Thursday, Willie Walsh, director general of IATA, said this pushed first half-year air cargo growth to 8 percent, its strongest first-half performance since 2017 when the industry posted 10.2 percent year-on-year growth.

The strong performance of air cargo is expected to continue in the second half of 2021 as demand remains strong and air freight prices beat those of sea freight, Walsh said.

He said the rally in oil prices indicates an economic rebound that will propel the global aviation industry’s recovery from the Covid-19.—TLTP

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