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Indiaexportnews.com

Freight traffic for European airlines fell 0.6 per cent

  12.08.2011    

Freight traffic for European airlines fell 0.6 per cent in May as weaker demand in Asia gave carriers their first year-on-year cargo decline in nearly two years, according to the Association of European Airlines.
The May figures also faced tough comparisons to May 2010, when carriers reported unusually strong growth as shippers restocked inventories that were depleted during the global downturn the year before.
Freight on Far East and Australasia routes, which makes up nearly 40 per cent of European airlines' traffic, fell 4.4 per cent year on year in May, the AEA said.
The North Atlantic trade grew 0.6 per cent from the same month a year ago, and rose 6.7 per cent from April.
For the first five months of 2011, European air freight traffic was up 6.6 per cent over the same period a year ago, the AEA said.



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