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Global air cargo registers first growth in two years
- Middle East: Wednesday, April 03 - 2013 at 05:59
The International Air Transport Association (IATA) has said the global air cargo market has recorded growth in February for the first time in two years, Reuters has reported. Worldwide freight demand grew by 2% year-on-year in February, after adjusting for calendar effects, said IATA chief executive Tony Tyler. "This is welcome news after two consecutive years of contraction," he said. Official data showed a 6.2% decline in cargo traffic during the month, but that was severely skewed by the Leap Year in 2012 and by the shifting date of the Asian Lunar New Year, traditionally a time of factory closures in China, said IATA. Cargo capacity use was 0.8% lower in February than in the previous month, it said.
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