Global air cargo volumes decreased by 1.2% in November last year, compared to figures for the same period in 2014, according to data released by the International Air Transport Association (Iata).
Iata director general and CEO, Tony Tyler, said in a statement that although the global economic outlook remained fragile, it appeared that parts of Asia-Pacific were growing again and that globally, export orders were looking better.
“In fact, the downward trend in freight tonne kilometre (FTK) volumes appears to be bottoming out. But there is a great deal of uncertainty. The current volatility of stock markets shows how much the health of the global economy – upon which air cargo depends - remains on a knife-edge," he said.
According to Iata, Africa was one of three regions to record positive growth for 2015. While Nigeria and South Africa underperformed, with demand dropping by 6%, capacity increased by 6.6% thus offsetting the drop in demand.
