Figures from the International Air Transport Association (IATA) for April 2012 show that freight demand was 4.2 per cent down on April 2011 while passenger demand rose 6.1 per cent year-on-year.
Air freight for Asia-Pacific, European and North American carriers continued to show weakness, leading Tony Tyler, IATA director general and ceo, to comment that though “it is possible to identify the start of a growth trend in cargo for some parts of the world”, the economic uncertainty in Europe “makes it very difficult to be optimistic in the near to medium-term”.
While Asia-Pacific carriers saw a 7.3 per cent decline in demand in April 2012, reflecting weak exports from China, European airlines fared no better with a 4.9 per cent fall in cargo traffic. North American carriers showed a 6.4 per cent drop and Latin American carriers recorded a 3.6 per cent fall compared to April 2011. Middle Eastern carriers saw a 14.5 per cent increase in demand along with African carriers with 6.1 per cent increase in demand.