Air Freight Slide Deepens in January

26.2.2009   (Air Cargo World)

The global downturn in air freight sped up in January, with collapsing Asia-Pacific
trade pushing international traffic for airlines down a record 23.2%.

The drop reported by the International Air Transport Association outpaced the
22.6% drop IATA saw in December and surpassed the previous record declines IATA
recorded even after the September 11 terror attacks in 2001.

All regions showed sharp declines but business in Asia, where China, Taiwan and
other nations have seen exports deteriorate, showed a 28.1% fall in traffic measured
in freight metric-ton kilometers.

Europe showed a 23% decline in international air freight from the same month
a year ago and traffic in North America started 2009 with a 19.3 % drop.

Airlines pulled capacity back 4.9% from January 2008, actually a smaller capacity
cutback after a 5.4 percent decline in international air freight capacity in December.

The capacity was boosted, however, by a 7.3 percent gain in capacity in the Middle
East. Capacity in all other regions retreated, including an 8.9 percent decline
in the weakening Asia-Pacific market.