Global air cargo demand grew 12.7% in May compared to a year ago, reflecting ongoing improvement in world trade, IATA said in its May Air Freight Market analysis, but the cyclical growth period may have peaked. Though new export orders reached a near six-year high in May, the global purchasing managers’ index (PMI) has slipped since its February peak, IATA said. “Unless we see further gains in manufacturing export order books … air freight growth [will start] moderating ...

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