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Airfreight market on recovery path with Oct traffic up 4%

Load factors show signs of bottoming out after a year of declines: Iata

Regional growth: Cargo traffic in Asia-Pacific expanded on the back of a pick-up in regional trade as a result of a stronger Chinese economy. Both export and import volumes in emerging markets in Asia were up. - PHOTO: BLOOMBERG

[SINGAPORE] The global air cargo market continues gradual recovery with the industry posting 4 per cent year-on-year growth in traffic in October, as most regions registered an expansion thanks to an improving business environment. Global capacity was up 4.9 per cent, which caused freight load