Cargo traffic for Air France-KLM was down 10.3% in January when compared to January 2011.The comparative load factor declined 3 points for the same time period.

Decrease occurred in freight shipments in all geographic blocks. Europe witnessed a decrease of -1.7%, the Americas -10.1%,Africa/Middle East -11.3%,but the most dramatic decrease was in the Asia/Pacific region, which witnessed a decrease of 13.8%.

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IATA has reported that Air freight cargo volumes have fallen 4.7% when compared to October 2010.

IATA believes that shippers are currently more inclined to use sea freight in an effort to reduce costs. When combined with the low confidence in the manufacturing sector combined with weak demand from Europe and North America, seafreight has rapidly become a very attractive option for global shippers.

However the Asian-Pacific market is bucking the trend with an October freight load factor which is 12.3% above the global average