After a remarkable recovery in 2010, global demand for airfreight stagnated in 2011, and the outlook for 2012 is for a continuation of sluggish growth conditions. Year-over-year cargo traffic volumes showed increases through the first four months of 2011, but turned negative in May, and as a result—when the full-year 2011 results are tallied—they are expected to show a slight decline versus the 2010 level. This market has gone through a topsy-turvy ride since 2007. Unprecedented ...

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