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IATA predicts 5.5% air freight trafffic growth

International air freight traffic volumes will rise by an average of 5.5% a year during 1999-2003, according to the latest survey of major airlines, airports and civil aviation authorities by the International Air Transport Association.

The 5.5% annual growth rate predicted by IATA is 0.2 percentage points higher than the average growth rate it had estimated in its 1998-2002 freight forecast.

Following recovery in the Asian markets, freight traffic growth is estimated to have exceeded 6 percent in 1999, IATA said. American Shipper NewsWire