The latest update on air freight markets, as reported by Drewry’s, was released last week. Its discoveries were amazingly positive after a year of negative pricing reports coupled with excess capacity and poor demand forecasts. Drewry’s East-West Air Freight Price Index posted a 4.3 points gain in June to reach 84.8, the index’s highest reading since December 2015. The increase in pricing coincided with upbeat news from the Association of Asia Pacific Airlines and IATA. AAPA member airlines saw a 4.1% increase from last year in freight ton per kilometer demand in June which is the first growth recorded since the start of the year. IATA noted a 4.3% boost to global air freight demand compared to a year earlier. It is worth noting, however, that the June 2016 reading from Drewry still only comes out to an average rate of $2.75 per kg, which is substantially down from the 12 month high of $3.22 per kg reached in November of 2015. AAPA Director General Andrew Herdman, also noted that that in the first six months of 2016 international air cargo demand was “subdued,” with overall volumes down 2.5% year-on-year, although he added that “the uptick in the June figures is mildly encouraging.” According to Drewry, airfreight pricing is going to stay under pressure through the Northern Hemisphere summer season as more passenger aircraft are used in order to support the peak tourist season. Read more.