September 5, 2017 / 4:08 PM / 10 months ago

Global air freight rises again in July: IATA

(Reuters) - Global air freight rose 11.4 percent in July helped by continued economic growth, the third double-digit monthly increase in a row, the International Air Transport Association (IATA) said on Tuesday.

A plane passes in front of a full moon over New York City February 17, 2011. REUTERS/Eric Thayer

IATA said, however, that while the outlook for the rest of the year remained positive, there were signs that freight growth may be nearing a cyclical peak.

“For the third consecutive month demand for air freight grew at a faster pace than demand for air travel”, said IATA Chief Executive Alexandre de Juniac.

Available capacity rose 3.7 percent in July.

Air freight, measured in freight-tonne-kilometres (FTKs), rose by double-digit percentages in July in Africa, Asia Pacific, Europe and North America.

Reporting by Anna Serafin in Gdynia; editing by David Clarke

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