Airfreight slowing - IATA

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Thursday, 09 September 2010

Demand for air freight will slow for the rest of 2010 and through 2011, the International Air Transport Association has asserted.

IATA said air freight markets were cooling off.

"Key indicators for air freight demand are now pointing to slower demand growth in the rest of this year and 2011," the Association said.

"The surge in air freight in Asia and South America is slowing."

Many high-tech products increasingly are being shipped by ocean, helping damp airfreight demand, IATA added.