AIR FREIGHT GROWTH STABILISES, BUT REMAINS FEEBLE, SAYS IATA

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May 30, 2013

CAPE TOWN – Air cargo figures released by the International Air Transport Association (IATA) – always a reliable indicator of economic activity - show modest growth of 1.4% for April compared to April 2012. IATA says the small increase helps offset a 2.6% decline recorded in March, but it continues an 18-month trend of basically no growth in the cargo markets. “We saw a brief rally in cargo markets at the end of 2012, but that has clearly stalled, said Tony Tyler, IATA Director General and CEO.