newstodate.aero
Aug 4, 2008 (newstodate): IATA has now released its international traffic data for June, showing a continued slowing of demand growth for air cargo transport.
International freight traffic declined by 0.8 percent in June. This is the first decline seen since May 2005 and follows several months of falling manufacturing sector confidence indicators.
Asia Pacific airlines led the contraction with a 4.8 percent year-on-year decline for June traffic, and Latin American airlines recorded the largest contraction, 12.7 percent, as the regions cargo sector continues to re-structure its capacity.
European carriers saw freight demand growth fall to 0.7 percent in June from 1.4 percent in May, while North American carriers also saw freight demand growth slow to 4.0 percent in June from 4.6 percent in May, and African airlines recorded a 1.9 percent year-on-year decline in June.
The bleak picture was lightened only by Middle Eastern carriers that delivered the strongest performance with 12.1 percent growth, up on the 10.7 percent recorded in May.
International freight traffic declined by 0.8 percent in June. This is the first decline seen since May 2005 and follows several months of falling manufacturing sector confidence indicators.
Asia Pacific airlines led the contraction with a 4.8 percent year-on-year decline for June traffic, and Latin American airlines recorded the largest contraction, 12.7 percent, as the regions cargo sector continues to re-structure its capacity.
European carriers saw freight demand growth fall to 0.7 percent in June from 1.4 percent in May, while North American carriers also saw freight demand growth slow to 4.0 percent in June from 4.6 percent in May, and African airlines recorded a 1.9 percent year-on-year decline in June.
The bleak picture was lightened only by Middle Eastern carriers that delivered the strongest performance with 12.1 percent growth, up on the 10.7 percent recorded in May.