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[BERLIN] Global demand for air freight is flatlining toward the end of the year, with volumes rising just 0.5 per cent in October, the International Air Transport Association said on Wednesday.
Despite stuttering demand, cargo providers have still been adding more capacity, meaning load factors dropped to around 44 per cent, the lowest since 2009, Iata said in its monthly air freight figures. "Early signs of improvement in export orders may bode well for trade and air cargo but this is unlikely to prevent air cargo finishing 2015 on a low note," Tony Tyler, head of Iata, said in a statement.