IATA Says Air Cargo Traffic Has Bottomed Out, But Only Mideast Showing Gains
Air cargo demand has bottomed out, following a sharp fall in 2011, in line with the moderate improvement of business confidence in a number of economies outside Europe, according to the latest figures from the International Air Transport Association. But…
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the upturn is weak and narrowly based, with only Middle Eastern airlines seeing significant volume gains, it said. European economic weakness is expected to limit any further improvement. Overall 47.8 million tonnes of freight are expected to be shipped by air in 2012, basically unchanged from the 47.7 million tonnes carried in 2011, according to IATA figures.