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FINANCIAL NEWS
Freight Market in ME grows by 9.4 percent in July
03 Sep 2014
(MENAFN) Middle Eastern airlines handled 9.4 percent more cargo in July compared to the same month last year, while their capacity was up by 7.8 percent, Gulf News reported.
In the January-July period, the freight market for the Middle East carriers has increased by 9.8 percent while capacity has grown by 8.9 percent, while globally, air freight volumes increased by 5.8 per cent in July compared to last year.
This strong growth in the freight market mirrors positive developments in some key regional economies. After a slowdown at the start of the year, global business confidence and trade are showing signs of improvement again, especially in the Middle East region.
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