European airfreight collapsed

TRAFFIC data for the first two months of 2009 show that European airfreight “has all but collapsed”, according to the Association of European Airlines (AEA).

Compared to the corresponding months of 2008, traffic volumes in January were 21.1 per cent down, while the February figure was -21.0 per cent although this latter figure was measured against a 29-day month last year and a truer figure would be -18.2 per cent – the worst monthly figures on record.

AEA’s data for the first three weeks of March are also suggesting similar decreases.

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