A slowdown in world trade growth and shifts in the freight commodity mix are frequently cited as the two main reasons for the global air cargo market decline in recent years. According to IATA, airfreight markets declined for a second straight year in 2012, falling a further 1.5% in 2012 after a 0.6% decline in 2011. The freight load factor for the year was 45.2%. Expanding emerging economies have driven demand for bulk items carried by sea, while economic weakness in the West dampened ...

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