Air cargo demand rises by over three percent in January

Several factors in the operating environment were noted:

- Industrial production rose 2.6% in December.

- Global goods trade grew for a ninth consecutive month with a 3.3% increase in December.

- The Purchasing Managers Index (PMI) for global manufacturing output was above the growth threshold at 50.62.

- Consumer inflation increased slightly in the US and Europe to 3.0% and 2.8% respectively; Chinese consumer inflation rebounded to 0.5%.

Regional Performance:

- Asia-Pacific airlines saw a7 .5 %year-on-year demand growthforaircargoinJanuary ,withcapacityincreasingby10 .9 %.

- NorthAmerican carriersreported5 .3 %year-on-year demandgrowth ,withcapacityupby7 .5 %.

- Europeancarriersexperienced1 .3 %year-on-year demandgrowth ,withcapacityrisingby3 .5 %.

- MiddleEastern carriersfacedan8 .4 %decreaseindemand—the slowestamongregions—withcapacitydownby1 .2 %.

- LatinAmerican carriersrecordedan11 .2 %increaseindemand—the strongestgrowthamongregions—withcapacityupby10 .6 %.

- Africanairlinessawadecreaseof3 .4 %indemand ,whilecapacityincreasedby5 .4 %.

Trade Lane Growth:Most international routes experienced growth in January: