Cargo Forecast October 2005

AIR FREIGHT DEMAND FORECAST 2004 - 2009 (tonnes)

Origin	Destination	service Level	Actual - 2004	2005	2006	2007	2008	2009	CAGR 2004-09
Africa	Asia/Pacific	Express	5,371	5,534	6,153	6,901	7,805	8,928	10.7%
Africa	Asia/Pacific	Standard	39,737	40,990	44,730	48,987	53,882	59,256	8.3%
Africa	Europe	Express	19,547	22,246	24,904	27,833	31,199	35,105	12.4%
Africa	Europe	Standard	287,731	323,012	348,934	375,960	405,126	437,573	8.7%
Africa	Latin America	Express	1,039	1,099	1,214	1,352	1,518	1,720	10.6%
Africa	Latin America	Standard	5,812	6,060	6,499	6,992	7,538	8,144	7.0%
Africa	Middle East	Express	2,088	2,217	2,381	2,548	2,732	2,941	7.1%
Africa	Middle East	Standard	22,082	23,225	25,260	27,495	29,968	32,716	8.2%
Africa	N. America	Express	5,555	5,648	6,603	7,837	9,460	11,557	15.8%
Africa	N. America	Standard	33,381	33,801	37,502	41,741	46,710	52,493	9.5%
Asia/Pacific	Africa	Express	18,126	21,485	24,522	27,953	31,922	36,436	15.0%
Asia/Pacific	Africa	Standard	107,753	118,089	126,946	136,239	146,233	156,799	7.8%
Asia/Pacific	Asia/Pacific	Express	506,320	516,994	582,894	658,329	744,870	842,838	10.7%
Asia/Pacific	Asia/Pacific	Standard	3,254,641	3,293,516	3,522,483	3,765,446	4,023,368	4,293,096	5.7%
Asia/Pacific	Europe	Express	270,902	292,764	328,803	371,919	421,496	477,767	12.0%
Asia/Pacific	Europe	Standard	1,760,269	1,858,336	1,997,527	2,154,245	2,323,511	2,503,581	7.3%
Asia/Pacific	Latin America	Express	21,067	22,306	25,468	29,193	33,634	38,925	13.1%
Asia/Pacific	Latin America	Standard	122,697	127,074	137,507	148,720	160,883	174,002	7.2%
Asia/Pacific	Middle East	Express	28,827	35,294	41,647	48,912	57,476	67,524	18.6%
Asia/Pacific	Middle East	Standard	206,139	228,202	249,370	271,177	294,440	319,224	9.1%
Asia/Pacific	N. America	Express	309,106	339,734	384,305	438,060	502,294	581,597	13.5%
Asia/Pacific	N. America	Standard	1,682,669	1,790,004	1,932,805	2,087,646	2,254,576	2,440,194	7.7%
Europe	Africa	Express	52,459	57,496	60,314	63,240	66,255	69,426	5.8%
Europe	Africa	Standard	284,965	306,117	318,802	331,745	345,004	358,867	4.7%
Europe	Asia/Pacific	Express	203,377	207,338	221,651	237,761	254,903	272,672	6.0%
Europe	Asia/Pacific	Standard	1,393,664	1,414,328	1,501,534	1,598,996	1,702,590	1,808,313	5.3%
Europe	Latin America	Express	57,649	59,414	64,107	69,241	74,461	79,845	6.7%
Europe	Latin America	Standard	290,140	297,264	317,525	339,399	361,325	383,678	5.7%
Europe	Middle East	Express	65,039	70,210	74,774	79,750	85,033	90,736	6.9%
Europe	Middle East	Standard	374,192	393,575	414,666	437,222	460,759	485,803	5.4%
Europe	N. America	Express	194,682	200,598	212,995	226,881	241,746	258,490	5.8%
Europe	N. America	Standard	1,139,914	1,160,418	1,213,977	1,271,708	1,331,012	1,394,557	4.1%
Latin America	Africa	Express	2,839	3,297	3,590	3,906	4,252	4,634	10.3%
Latin America	Africa	Standard	9,100	9,772	10,326	10,893	11,484	12,109	5.9%
Latin America	Asia/Pacific	Express	8,296	8,784	10,223	11,909	13,924	16,319	14.5%
Latin America	Asia/Pacific	Standard	54,549	55,971	60,643	65,702	71,253	77,353	7.2%
Latin America	Europe	Express	28,704	31,676	34,376	37,303	40,566	44,282	9.1%
Latin America	Europe	Standard	262,957	291,123	311,436	332,472	354,835	379,278	7.6%
Latin America	Middle East	Express	1,497	1,633	1,745	1,872	2,015	2,179	7.8%
Latin America	Middle East	Standard	11,746	12,060	12,113	12,178	12,271	12,403	1.1%
Latin America	N. America	Express	79,895	87,292	97,962	110,529	124,980	142,026	12.2%
Latin America	N. America	Standard	667,106	699,608	742,586	789,369	839,087	892,044	6.0%
Middle East	Africa	Express	2,395	2,798	3,134	3,485	3,877	4,329	12.6%
Middle East	Africa	Standard	11,403	12,511	13,396	14,216	15,063	15,975	7.0%
Middle East	Asia/Pacific	Express	14,338	15,096	17,156	19,441	22,011	24,953	11.7%
Middle East	Asia/Pacific	Standard	67,328	68,761	74,211	80,043	86,298	93,102	6.7%
Middle East	Europe	Express	16,158	17,961	19,587	21,440	23,489	25,789	9.8%
Middle East	Europe	Standard	134,811	146,966	156,101	165,843	176,187	187,519	6.8%
Middle East	Latin America	Express	1,359	1,502	1,686	1,906	2,177	2,515	13.1%
Middle East	Latin America	Standard	7,337	7,783	8,294	8,839	9,438	10,102	6.6%
Middle East	N. America	Express	10,663	12,193	13,962	16,050	18,555	21,693	15.3%
Middle East	N. America	Standard	72,393	75,500	81,508	88,073	95,167	103,152	7.3%
N. America	Africa	Express	9,157	9,957	10,496	11,222	12,168	13,327	7.8%
N. America	Africa	Standard	37,526	40,462	42,436	44,837	47,765	51,147	6.4%
N. America	Asia/Pacific	Express	192,937	201,172	215,238	231,468	250,114	272,044	7.1%
N. America	Asia/Pacific	Standard	887,399	912,709	960,567	1,014,239	1,074,110	1,142,082	5.2%
N. America	Europe	Express	170,743	178,049	183,346	189,952	197,369	205,942	3.8%
N. America	Europe	Standard	856,218	892,478	915,344	941,392	969,285	999,953	3.2%
N. America	Latin America	Express	96,257	102,068	107,792	113,886	120,207	127,454	5.8%
N. America	Latin America	Standard	272,902	287,333	294,261	300,322	305,361	310,999	2.6%
N. America	Middle East	Express	20,625	21,674	23,414	25,514	28,070	31,252	8.7%
N. America	Middle East	Standard	80,896	84,642	89,211	94,477	100,527	107,516	5.9%

Source: MergeGlobal Inc. 1010 N. Glebe Road, Suite 250 , Arlington, VA 22201 USA
Telephone +1 703-276-9100, information@mergeglobal.com, www.mergeglobal.com.