KUALA LUMPUR, Aug 7 (NNN-BERNAMA) — Global trade tensions have affected\u00a0global air freight demand, with\u00a0volume\u00a0decreasing\u00a04.8 per cent in June 2019\u00a0compared with\u00a0the same period in 2018 — marking the eighth consecutive month of year-on-year decline in freight volumes.<\/p>\n\n\n\n
International Air Transport Association (IATA)\u00a0director general and chief executive officer, Alexandre de Juniac\u00a0said global trade continued\u00a0to suffer as trade tensions, particularly between the United States (US) and China, deepened.<\/p>\n\n\n\n
\u201cAs a result, air cargo markets continue to contract. Nobody wins a trade war. Borders that are open to trade spread sustained prosperity. That\u2019s what our political leaders must focus on,\u201d he said. <\/p>\n\n\n\n
IATA said signs of a modest recovery in recent months appeared to have been premature, with the June contraction broad-based across all regions except Africa.<\/p>\n\n\n\n
\u201cCapacity growth remains subdued and the cargo load factor continues to fall. Globally, trade growth is languishing, and business uncertainty is compounded by the latest tariff increases in the US-China trade dispute,\u201d it said.<\/p>\n\n\n\n
For Asia-Pacific\u00a0airlines, the demand for air freight contracted by 5.4 per cent in June 2019, compared to the same period in 2018.<\/p>\n\n\n\n
The association noted that although an important factor, the US-China trade war was not solely responsible for the fall.<\/p>\n\n\n\n
It added that Asia-Pacific airlines\u2019 freight tonne kilometer for the within-Asia market have decreased more than 10 per cent over the past year, while air freight capacity increased by 1.8 per cent over the same period. <\/p>\n\n\n\n
— NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR, Aug 7 (NNN-BERNAMA) — Global trade tensions have affected\u00a0global air freight demand, with\u00a0volume\u00a0decreasing\u00a04.8 per cent in June 2019\u00a0compared with\u00a0the same period in 2018 — marking the eighth consecutive month of year-on-year decline in freight volumes. International Air Transport Association (IATA)\u00a0director general and chief executive officer, Alexandre de Juniac\u00a0said global trade continued\u00a0to suffer as […]<\/p>\n","protected":false},"author":19,"featured_media":36549,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[288,300],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/36548"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36548"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/36548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/36549"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36548"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}