Int'l airfreight down
GENEVA, May 31 (GCTL) - The International Air Transport Association (IATA) said the April international freight demand was 4.2% down compared with April 2011, but the slump was somewhat misleading as air freight markets slumped sharply in the first half of 2011 and bottomed out towards the end of the year.
Tony Tyler, IATA’s Director General and CEO, said various distortions and month-to-month volatility have marked the industry performance since the beginning of 2012. However, April cargo levels stood at about 2% higher than in November 2011.
About 80% of this improvement has been captured by Middle Eastern airlines. Air freight for the Asia-Pacific, European and North American carriers has continued to show weakness.
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