Asia global cargo traffic ‘weak’

GLOBAL air cargo demand remained soft for Asian carriers in May, reveals the Association of Asia Pacific Airlines (AAPA). 
The body says freight traffic for the airlines declined by five per cent in the first five months of this year.
Andrew Herdman, the AAPA’s director general, states: “Air cargo markets remained weak amidst real concerns about the Eurozone [crisis], and further evidence of slowing growth, spreading to the major developing economies.”
Noting the oil-price decrease, he adds: “Nevertheless, Asian carriers are still braced for a challenging second half of 2012, in view of widespread competitive pressures, the continued weakness, and unresolved concerns over the outlook for the global economy.”
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