The airfreight sector has got off to a bad start this year. The global demand for freight transport by air fell 1.8 percent in January compared to a year earlier. According to branch organization IATA, that is the worst result for that month of the past three years.
Aviation companies faced less demand for freight transport services in Europe, Asia and the Middle East. There was growth in North America and Africa.
The available capacity rose by 4 percent in January. It is the eleventh month in a row that the supply of air freight carriers exceeds demand.
IATA CEO Alexandre de Juniac speaks of a deterioration after the growth of the air cargo market has been weakening since mid-2018. The cause would lie in increased protectionism and trade tensions. If they do not decrease, the demand for air freight will not quickly increase, De Juniac expects.
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