IATA Cargo Chartbook-Q2 2016

Key points:

• "Brexit" vote is a materialization of a key downside risk, global economic growth is expected to decelerate in 2016
• Air cargo has continued to outperform global merchandized trade, but growth remains weak
• Sluggish trade outlook, "Brexit" aftermath and weak demand drivers suggest an impending halt in positive air freight momentum, but after short-term shocks abate strong consumer confidence and low oil prices can reenergize growth
• Flooding-in of capacity, weak trade, lower yields and rising fuel costs can lead to taking a bite out of cargo profitability

Refer to full documentation in attachments box, located at the top left, below the headline.