AIR FREIGHT SLUMPS

Economy March 08, 2019 01:00

By The Nation

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The International Air Transport Association (IATA) said demand in global air freight markets, measured in freight tonne kilometres, decreased 1.8 per cent in January from the year-earlier month. It was the worst performance in three years.



“This is a worsening of a weakening trend that started in mid-2018, said Alexandre de Juniac, IATA’s director general and CEO.

‘Unless protectionist measures and trade tensions diminish there is little prospect of a quick rebound.”