Middle Eastern airlines’ recorded a 4.3% growth in air freight demand in February compared to the same period in 2019, International Air Transport Association (IATA) has said in a report. Capacity increased by 6%.
Middle Eastern airlines’ freight volumes decreased 5.5% in July compared to the year-ago period as air cargo continues to suffer from weak global trade and the intensifying trade dispute between the US and China.
The performance of the Middle Eastern airlines is improving but they are expected to “prolong losses” in 2019 due to the “worsening” in the business environment, IATA said in an outlook released here on Sunday.
Middle Eastern airlines’ freight volumes expanded 1.7% in November last year compared to the same period a year earlier, the International Air Transport Association (IATA) has said in a report.