EUROPE/CIS: Cargo traffic remains in the “doldrums” in June: IATA

Freight and passenger traffic have hit a "speed bump" in June, with other modes of transport benefiting from the growth in the world economy, according to the latest traffic results released by the International Air Transport Association (IATA).

cargo EUROPE/CIS Traffic

“The strength of the region however is shown in the maintenance of the highest load factors (58.6 per cent) well ahead of the 45.7 per cent industry average for the month,” IATA said. European carriers posted a 1.3 per cent decline and North American carriers recorded a decline of three per cent compared to June 2010 levels.Carriers in the Middle East, Latin America and Africa showed year-on-year growth for June, recording demand increases of 3.7 per cent, 2.8 per cent and 0.3 per cent respectively.