This continues the slowdown in air cargo growth that began earlier this year. Growth for the first half of this year stands at 4.7 percent, less than half the growth rate in 2017. Freight capacity, measured in available freight tonne kilometres, rose by 4.1 percent in June. Capacity growth has now outstripped demand growth in every month since March.
“Air cargo continues to be a difficult business with downside risks mounting. We still expect about four percent growth over the course of the year. But the deterioration in world trade is a real concern,” said Alexandre de Juniac, CEO, IATA.