According to the International air transport Association (IATA), the global turnover in may 2019 decreased by 3.4% compared to the same period last year.
IATA attributed the decline of freight traffic is the fact that this transport sector is an indicator of the state of the world economy and the most severely affected by economic downturns. The demand for air freight falls due to the reduction in world trade volumes, which is caused by the ongoing trade tension between the US and China. It also leads to a decrease in new export orders. In addition, the growth rate of freight capacity ahead of demand for transportation for over a year.