Air freight demand has grown steadily, if unspectacularly, over the last five years. If worldwide cargo traffic in 2016 increases 4% over 2015 (which seems likely as we go to press), then the total increase in the last five years will be about 18.5% - an average annual growth rate of 3.5%. This is well down from what would once have been considered normal, but it is very much in line with what many in the industry are now accepting as “the new normal,” after a period of wild swings in demand in the period around the financial crash that began in 2007.
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