Air freight demand has gone up by a mere 0.3 per cent in March this year compared to the same month in 2011, according to global traffic results released by the International Air Transport Association (IATA) for March 2012. However, total passenger demand rose 7.6 per cent.
Cargo demand was affected by the timing of the Chinese New Year in January — leading to stronger February shipments — but took place in February 2011—leading to stronger March 2011 shipments and weaker year-to-year comparisons. Compared to February 2012, air cargo demand in March was significantly stronger by 2.2 per cent.
Freight capacity went up 1.7 per cent year-on-year, above the rate of demand, placing pressure on load factors.