Puerto Rico set to achieve life science export potential
Air trade demand from Puerto Rico (PR) to mainland US reflects its growing life science ...
I’m not sure we needed yet more certainty that the air freight market is in the doldrums – but we have it anyway. IATA is the last to report figures for May – and FTKs are up a dull 0.9%, while ATKs rose 4.9%. But most at fault is not capacity, but weakness in world trade volumes, which account for 80% of air freight’s gloom, apparently. The best growth market, boosted by stronger German exports, was Europe – up 4.5% in volumes and 5.7% in capacity. The Middle East was up 3.2% in demand – which was only 20% of last year’s growth – and a heady 9.5% capacity. The worst shrinkage was in Latin America, where demand fell 9.7%, and capacity fell 7%.
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