newstodate.aero
Feb 26, 2009 (newstodate): February 2009 was the eighth consecutive month of decline in IATA cargo volumes, says IATA in its latest statidtics.
Over-all, the global IATA cargo volumes dropped 23.2 percent, y-o-y, after falling 22.6 percent in December, 2008.
Asia Pacific carriers, representing 43 percent of the market, led the cargo decline with a 28.1 percent fall.
This was followed closely by the other major market players: European carriers, down 23.0 percent, and North American carriers, down 19.3 percent.
All markets were down, even Middle East that dropped 6.1 percent, y-o-y, and still performed the best compared to other markets.
Over-all, the global IATA cargo volumes dropped 23.2 percent, y-o-y, after falling 22.6 percent in December, 2008.
Asia Pacific carriers, representing 43 percent of the market, led the cargo decline with a 28.1 percent fall.
This was followed closely by the other major market players: European carriers, down 23.0 percent, and North American carriers, down 19.3 percent.
All markets were down, even Middle East that dropped 6.1 percent, y-o-y, and still performed the best compared to other markets.