Source = e-Travel Blackboard: N.J
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International air cargo traffic growth slowed in September with a month on month decrease of 2.1 percent compared to August.
International Air Traffic Association’s (IATA) September traffic report released earlier this month reported a 14.8 percent year on year increase, a weaker growth compared to the 19 percent spike in August.
“Freight numbers are worrying… Freight activity has fallen six percent since May’s post crisis peak,” IATA Director General and Chief Executive Officer Giovanni Bisignani said.
“What we see in air cargo market is inevitably reflected in the broader economy.”
While IATA said it expected a decrease in freight traffic towards the end of the year, the reported contraction was larger than predicted.
Despite the weaker freight market, IATA reported a 10.5 percent year on year increase in passenger traffic, stronger than the 6.5 percent growth in August.
“It is good news that the recovery in passengers markets continued in September,” Mr Bisignani said.“While September’s passenger growth is reassuring, the accelerating decline of air freight, including in Asia, is an early indicator of some turbulence ahead.”