January demand for global air freight delivered very encouraging results, in complete contrast to some of the pessimism exhibited by industry analysts in recent months. In fact, demand accelerated at the highest level seen since April of last year according to the latest numbers released by the International Air Transport Association.
The January results showed a 2.7 percent increase in freight metric ton kilometers which flew in the face of some indifferent changes over recent months. The association said that this isn't necessarily an indication of a full change in air freight volume but these are still results to be welcomed per IATA head, Tony Tyler:
"Despite this good start, the underlying weak trade performance makes it unlikely that growth will accelerate significantly in the coming months. It is good news that volumes are growing, but yields and revenues are still under tremendous pressure."