IATA: Sluggish air cargo growth continues
The International Air Transport Association released data for global air freight markets showing that growth continued to slow in May. Compared to May 2014, growth in freight tonne kilometers was 2.1 percent, the slowest rate this year and outpaced by a capacity expansion of 4.3 percent. On a year-to-date basis, freight volumes are up 4 percent on the previous year, but much of that growth was realized in the latter part of 2014.
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