Middle East freight fortunes

CARRIERS in the Middle East have seen airfreight demand improve by almost 10 per cent in January 2012 compared with January last year.
Latin America was the only other cargo market to enjoy growth, registering a 2.2 per cent rise for the month.
Overall IATA figures show airfreight bombed eight per cent compared to the same month in 2011.
Asia-Pacific and European airlines bore the brunt of the international decline, down 14 per cent and 9.6 per cent respectively.
North American airlines’ demand dropped four per cent, while African carriers experienced a 3.7 per cent decline compared to the year-ago period.