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More stats out on air freight today. IATA has released data for May, showing a 4.7% increase in volumes over a year ago. It also notes improvement in the global economy, and increased business activity as good indicators for the future. However, load factors remained below 50%. Tony Tyler, IATA chief, called on airlines to innovate and find a united approach. “The sector still faces an uphill battle to restore competitiveness and increase its share of trade growth. This will not be achieved with a business-as-usual mindset. The competitors to air cargo are innovating aggressively,” he said.

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