September 29, 2009

Global air cargo volumes are on the rise after a long decline that started in April 2008.

According to the International Air Transport Association (IATA), all of the world's regions reported higher demand in August compared to July, with Latin America and the Middle East showing the most improvement.

Compared to the low point of December 2008, seasonally adjusted freight demand has improved by 12 percent, but remains 16 percent below April 2008 levels when the fall in demand began, says IATA.

For 2010, IATA is forecasting an average international freight growth of 5.5 percent across the industry, compared to an expected full-year decline in 2009 of 14.5 percent.