ICAO finds huge cargo growth in 2010
Cargo traffic year-over-year rose 18.9 percent in 2010, according to the UN International Civil Aviation Organization’s (ICAO) freshly released annual trends report.
The cargo increase follows an 11 percent decline in activity experienced between 2008 and 2009. The Middle East boasted growth of 34.1 percent, and traffic in the Asia-Pacific region rose 23.8 percent. According to the report, every region posted growth of more than 10 percent.
On the passenger side, international traffic rose by 8.8 percent over 2009’s totals because of travel in Brazil, Russia, India and China. Middle Eastern countries accounted for 21 percent of this growth, while the Asia-Pacific region registered a 12.9 percent bump.
Oil prices could stunt further passenger growth, but the ICAO still expects increases in the high 4 percent range for 2011 and 2012.