IATA Reports Freight Growth in Middle East, Africa; Drops in Rest of World
Air freight markets remain weak but are showing some signs of expansion after bottoming out toward the end of 2011, according to the latest report from the International Air Transport Association. Asia-Pacific airlines saw a 7.3% decline in freight demand…
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in April, and cut capacity 4.1%, reflecting weakening exports from China. European airlines had a 4.9% drop in cargo traffic, compared to the year before, and cut capacity 0.2%. North American carriers showed a 6.4% drop in demand with a 2.9% cut in capacity. Latin American carriers recorded a 3.6% fall in demand, but capacity expanded by 8.8% compared to April 2011. Middle Eastern carriers were the bright spot in cargo with a 14.5% increase in demand, IATA said. But capacity increased 15.1%. African carriers showed a 6.1% increase in demand, and a 9.0% increase in capacity, it said.