INDIA: IndiaÃ¢â‚¬™s air cargo free-fall bottoms out
Indian domestic air cargo traffic has halted its sharp decline, with March figures showing a decline of only 2.4 per cent compared to nearly an 11 per cent drop in February, according to the Airports Authority of India (AAI). Overall, total freight traffic Ã¢â‚¬“ international and domestic Ã¢â‚¬“ handled at all Indian airports decreased by […]
June 1, 2009
Overall, total freight traffic Ã¢â‚¬“ international and domestic Ã¢â‚¬“ handled at all Indian airports decreased by 4.5 per cent in March 2009 compared to the same month a year earlier. International freight traffic registered a decrease of 5.5 per cent during March.
Giving some substance to hopes that a recovery is underway, IndiaÃ¢â‚¬™s domestic air cargo recovery is is being propped up by renewed growth in the the automotive parts and pharmaceutical industries, according to Gati InternationalÃ¢â‚¬™s Sameer Khatri, who added that he expects the market to stabise within the next quarter.