Middle Eastern carriers report a decline in demand of 25% year-on-year in May compared to a 36.2% drop in April
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IATA said capacity in the region increased by 0.7 percent in April as air freight volumes continued their decline which has been ongoing since the fourth quarter of 2018.
Forecasts are likely to be reduced further when the industry group meets in Seoul next month, according to Alexandre de Juniac, IATA director general.
Middle Eastern airlines’ freight volumes expanded 1.7% in November compared to the same period a year earlier.