Airfreight continues

CONTINUING AN
-month trend of
slower growth, demand
for international
freight rose 2.4% in
February following
a 3.0% increase in
January, according to
the International Air
Transport Association
(IATA). International
passenger demand on
the other hand increased
by 6. %
The Middle East, with
its rise, 15.4% led the
way boosted by oilled
economic growth
and increased capacity.
However, high fuel costs
and strong competition
from other modes of
transport continue to
limit air freight demand
in Europe (-0.6%) Africa
(-2.0%) and Asia (4.4%),
particularly on shorter
haul routes.