Friday, May 4, 2012

Global air freight demand up slightly in March


The International Air Transport Association's (IATA) global traffic results for March show that freight demand climbed 0.3% compared to the same month last year.

imageAccording to IATA, cargo demand was affected by the timing of the Chinese New Year. Compared to February 2012, March air cargo demand was significantly stronger by 2.2%.

Air freight markets are now showing signs of renewed expansion. Freight Tonne Kilometers (FTKs) were over 4% higher in March than they were in the fourth quarter of 2011.

Middle Eastern carriers had a 15.1% rise in demand, the healthiest performance among the regions, with about four percentage points of that rise attributable to Arab Spring-related traffic suppression last year.

North American airlines' freight demand rose 1.6% year-on-year. Latin American carriers' traffic climbed 4.9%, while African carriers saw a 3.9% rise compared to the year-ago period.

Asia-Pacific and European airlines saw their freight traffic decline 3.1% and 1.9%, respectively, compared to a year ago.

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