Air Freight To Finish Year 'On Low Note'

Global demand for air freight is flatlining with volumes rising just 0.5 percent in October, IATA said.

Despite stuttering demand, cargo providers have still been adding capacity, meaning load factors dropped to around 44 percent, 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.