The International Air Transport Association (IATA) released data for March Air Cargo. They report a 2.3% decline in Freight Tonne Kilometers (FTKs) in March compared to March 2012. The US air cargo posted a 5.2% drop in demand while Europe posted a 4% drop in demand.
“The March decline in air cargo is most likely a temporary stall. The fundamentals for a sustained improvement in air cargo volumes are in place. Business confidence continues to signal forthcoming expansion, and the solid increase in new export orders seen in 2013 should boost air freight in the coming months. Much of the current weakness is coming from Asia-Pacific airlines. While the region is economically strong, the economies of its trading partners are not. The Eurozone is showing renewed weakness and the negative impact of US budget cuts is yet to be fully measured,” said Tony Tyler, IATA’s Director General and CEO.
Mar 2013 vs. Mar 2012 FTK Growth AFTK Growth FLF International -2.1% -0.3% 51.5 Domestic -3.5% -0.5% 28.9 Total Market -2.3% -0.3% 46.7
YTD 2013 vs. YTD 2012 FTK Growth AFTK Growth FLF International -1.5% -0.8% 48.7 Domestic 1.0% 0.4% 28.5 Total Market -1.1% -0.6% 44.3
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