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Article: Air Freight Growth Dips Sharply.
- Article from:
- M2 Presswire
- Article date:
- July 2, 2008
CopyrightCOPYRIGHT 2008 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-2 July 2008-International Air Transport Association: Air Freight Growth Dips Sharply
(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:02072008
GENEVA - The International Air Transport Association (IATA) released international traffic data for May that showed a significant drop in cargo growth to 1.3% while passenger traffic grew by 6.0%.
At 1.3%, cargo demand is considerably down from the 4.3% recorded for the full year 2007. For the first five months of 2008, air freight volumes were up 2.8%. The biggest cause of the slow growth came from a 0.5% contraction in Asian carrier traffic. This resulted from the impact of the earthquake ...