Cargo demand stable but outlook fragile: IATA

The International Air Transport Association (IATA) released global traffic results for February 2012 warning that the figures are distorted by various global events, showing a 5.2 per cent rise in cargo demand and an 8.6 per cent improvement in passenger demand yar-on-year.


February global traffic IATA International Air Transport Association


The International Air Transport Association (IATA) released global traffic results for February 2012 warning that the figures are distorted by various global events, showing a 5.2 per cent rise in cargo demand and an 8.6 per cent improvement in passenger demand yar-on-year. When comparing to January 2012 levels, the picture becomes much more moderate, with cargo demand declining by 1.2 per cent and passenger demand growing by 0.4 per cent.

Freight demand continued to be relatively stable, IATA said pointing to the trend which started to develop in September 2011 and is “consistent with improvements in business confidence”.

IATA said several factors inflated February 2012 results and distorted comparisons with the year-ago period, including weaker traffic during the Arab Spring a year ago and the occurrence of Carnival in Brazil in February, a month earlier than in 2011. Cargo demand was also subject to positive distortion by the occurrence of Chinese New Year in January which pushed some deliveries into February.