Chennai: Figures released by the International Air Transport Association (IATA) for the air freight markets in April shown a modest growth of 1.4% compared to April 2012. This small increase has helped to offset the 2.6% decline recorded in March compared to the year ago period.
"We saw a brief rally in cargo markets at the end of 2012. But that has clearly stalled. Fortunately, the small improvement in April means that economic conditions have not deteriorated to the point of starting a market contraction. And if we look to emerging markets-particularly Latin America and the Middle East, we do see some encouraging signs of growth," Tony Tyler, IATA's director general and chief executive officer said.
While growth in emerging markets was strong enough to counter balance weaknesses in the major aviation regions, but overall growth continued to remain feeble. Asia Pacific carriers saw a 0.4% fall in freight compared to April 2012. North American airlines saw air freight volumes fall by 0.1% in April compared to the previous year while European carriers saw an increase in air freight demand.
01/06/13 Aparna Ramalingam,/Times of India
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"We saw a brief rally in cargo markets at the end of 2012. But that has clearly stalled. Fortunately, the small improvement in April means that economic conditions have not deteriorated to the point of starting a market contraction. And if we look to emerging markets-particularly Latin America and the Middle East, we do see some encouraging signs of growth," Tony Tyler, IATA's director general and chief executive officer said.
While growth in emerging markets was strong enough to counter balance weaknesses in the major aviation regions, but overall growth continued to remain feeble. Asia Pacific carriers saw a 0.4% fall in freight compared to April 2012. North American airlines saw air freight volumes fall by 0.1% in April compared to the previous year while European carriers saw an increase in air freight demand.
01/06/13 Aparna Ramalingam,/Times of India
