Despite the decline seen in March results, the growing business confidence and gathering export orders in 2013 will revive airfreight trade. "The fundamentals for a sustained improvement in air cargo volumes are in place," IATA said.

The Middle East is the only region to see cargo activity grow at 10.5 percent in March, 12.4 percent during the first quarter against capacity uptick in March of 9.1 percent.

In other regions cargo activity decline was pitted against giants capacity additions although Africa increased 3.2 percent while its capacity shot up by 10 percent to cancel out gains.

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