According to the International Air Transport Association (IATA), demand for global air freight increased in August due to a rise in German export orders.
Demand at European airlines increased with 6.6 percent and freight demand globally grew with 3.9 percent year-on-year for August. Additionally, available capacity rose with 4.1 percent and the load factor fell by 0.1 percentage points to 40.8 percent.
While the growth percentage caused optimism for Europe, the Middle East showed a freight demand growth of 1.8 percent, indicating the slowest growth pace since July 2009.
This increased demand for air freight, and especially the growth in Europe, is good news for European shippers. However, Alexandre de Juniac, one of the heads of IATA, stated that this growth might not be sustainable in the long-term due to underlying market conditions.