Demand for air cargo showed modest improvement in February, continuing the trend that began in the fourth quarter of 2012, according to data released by the International Air Transport Association.
“This is welcome news after two consecutive years of contraction,” said Tony Tyler, IATA’s director general and CEO, in a written statement. “It is even better news that this growth is expected to pick up moderately as the year progresses.”
Seasonally adjusted cargo volume in February improved by 2.5 percent from the October 2012 low point, but dropped by 6.2 percent compared with February 2012. However, the year-over-year comparison was skewed; February 2012 had an extra day from Leap Year, and the Chinese New Year occurred in January 2012, but February 2013. After compensating for these abnormalities, IATA said, the data showed that air cargo was actually up by 2 percent in February compared with the same month in the previous year.
The Middle East again posted strong growth year-over-year, even as other regions saw weak increases or even drops.