Air Freight Markets Stabilized in April

Air Freight Markets Stabilized in April

Air freight markets in April experienced “modest growth” of 1.4 percent compared with April 2012, helping to offset the 2.6 percent year-over-year decline in March and continuing an 18-month trend of flatness in the cargo markets, according to the International Air Transport Association.

“We saw a brief rally in cargo markets at the end of 2012, but that has clearly stalled,” said Tony Tyler, IATA’s director general and CEO, in a written statement. “Fortunately, the small improvement in April means that economic conditions have not deteriorated to the point of starting a market contraction.”

“If we look to emerging markets, particularly Latin America and the Middle East, we do see some encouraging signs of growth,” he added.