IATA DATA SHOWS PAX GROWTH SLOWING IN MARCH; BUT CARGO DEMAND CONTINUES TO EXPAND

The International Air Transport Association (IATA) scheduled international traffic results for March 2011 showing that year-on-year growth in passenger demand had slowed to 3.8% from the 5.8% recorded in February. Conversely, year-on-year growth in freight markets rebounded to 3.7% in March from the 1.8% recorded in February. Compared to February, global passenger demand fell by 0.3% in March, while cargo demand expanded by 4.5%. “The profile of the recovery in air transport sharply decelerated in March. The global industry lost 2 percentage points of demand as a result of the earthquake and tsunami in Japan and the political unrest in