Cargo Forecast October 2005

Cargo Forecast

AIR FREIGHT DEMAND FORECAST 2004 - 2009 (tonnes)

Origin Africa Africa Africa Africa Africa Africa Africa Africa Africa Africa Asia/Pacific Asia/Pacific Asia/Pacific Asia/Pacific Asia/Pacific Asia/Pacific Asia/Pacific Asia/Pacific Asia/Pacific Asia/Pacific Asia/Pacific Asia/Pacific Europe Europe Europe Europe Europe Europe Europe Europe Europe Europe Latin America Latin America Latin America Latin America Latin America Latin America Latin America Latin America Latin America Latin America Middle East Middle East Middle East Middle East Middle East Middle East Middle East Middle East Middle East Middle East N. America N. America N. America N. America N. America N. America N. America N. America N. America N. America Destination Asia/Pacific Asia/Pacific Europe Europe Latin America Latin America Middle East Middle East N. America N. America Africa Africa Asia/Pacific Asia/Pacific Europe Europe Latin America Latin America Middle East Middle East N. America N. America Africa Africa Asia/Pacific Asia/Pacific Latin America Latin America Middle East Middle East N. America N. America Africa Africa Asia/Pacific Asia/Pacific Europe Europe Middle East Middle East N. America N. America Africa Africa Asia/Pacific Asia/Pacific Europe Europe Latin America Latin America N. America N. America Africa Africa Asia/Pacific Asia/Pacific Europe Europe Latin America Latin America Middle East Middle East Service Level Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Express Standard Actual - 2004 5,371 39,737 19,547 287,731 1,039 5,812 2,088 22,082 5,555 33,381 18,126 107,753 506,320 3,254,641 270,902 1,760,269 21,067 122,697 28,827 206,139 309,106 1,682,669 52,459 284,965 203,377 1,393,664 57,649 290,140 65,039 374,192 194,682 1,139,914 2,839 9,100 8,296 54,549 28,704 262,957 1,497 11,746 79,895 667,106 2,395 11,403 14,338 67,328 16,158 134,811 1,359 7,337 10,663 72,393 9,157 37,526 192,937 887,399 170,743 856,218 96,257 272,902 20,625 80,896 2005 5,534 40,990 22,246 323,012 1,099 6,060 2,217 23,225 5,648 33,801 21,485 118,089 516,994 3,293,516 292,764 1,858,336 22,306 127,074 35,294 228,202 339,734 1,790,004 57,496 306,117 207,338 1,414,328 59,414 297,264 70,210 393,575 200,598 1,160,418 3,297 9,772 8,784 55,971 31,676 291,123 1,633 12,060 87,292 699,608 2,798 12,511 15,096 68,761 17,961 146,966 1,502 7,783 12,193 75,500 9,957 40,462 201,172 912,709 178,049 892,478 102,068 287,333 21,674 84,642 2006 6,153 44,730 24,904 348,934 1,214 6,499 2,381 25,260 6,603 37,502 24,522 126,946 582,894 3,522,483 328,803 1,997,527 25,468 137,507 41,647 249,370 384,305 1,932,805 60,314 318,802 221,651 1,501,534 64,107 317,525 74,774 414,666 212,995 1,213,977 3,590 10,326 10,223 60,643 34,376 311,436 1,745 12,113 97,962 742,586 3,134 13,396 17,156 74,211 19,587 156,101 1,686 8,294 13,962 81,508 10,496 42,436 215,238 960,567 183,346 915,344 107,792 294,261 23,414 89,211 2007 6,901 48,987 27,833 375,960 1,352 6,992 2,548 27,495 7,837 41,741 27,953 136,239 658,329 3,765,446 371,919 2,154,245 29,193 148,720 48,912 271,177 438,060 2,087,646 63,240 331,745 237,761 1,598,996 69,241 339,399 79,750 437,222 226,881 1,271,708 3,906 10,893 11,909 65,702 37,303 332,472 1,872 12,178 110,529 789,369 3,485 14,216 19,441 80,043 21,440 165,843 1,906 8,839 16,050 88,073 11,222 44,837 231,468 1,014,239 189,952 941,392 113,886 300,322 25,514 94,477 2008 7,805 53,882 31,199 405,126 1,518 7,538 2,732 29,968 9,460 46,710 31,922 146,233 744,870 4,023,368 421,496 2,323,511 33,634 160,883 57,476 294,440 502,294 2,254,576 66,255 345,004 254,903 1,702,590 74,461 361,325 85,033 460,759 241,746 1,331,012 4,252 11,484 13,924 71,253 40,566 354,835 2,015 12,271 124,980 839,087 3,877 15,063 22,011 86,298 23,489 176,187 2,177 9,438 18,555 95,167 12,168 47,765 250,114 1,074,110 197,369 969,285 120,207 305,361 28,070 100,527 2009 8,928 59,256 35,105 437,573 1,720 8,144 2,941 32,716 11,557 52,493 36,436 156,799 842,838 4,293,096 477,767 2,503,581 38,925 174,002 67,524 319,224 581,597 2,440,194 69,426 358,867 272,672 1,808,313 79,845 383,678 90,736 485,803 258,490 1,394,557 4,634 12,109 16,319 77,353 44,282 379,278 2,179 12,403 142,026 892,044 4,329 15,975 24,953 93,102 25,789 187,519 2,515 10,102 21,693 103,152 13,327 51,147 272,044 1,142,082 205,942 999,953 127,454 310,999 31,252 107,516 CAGR 200409 10.7% 8.3% 12.4% 8.7% 10.6% 7.0% 7.1% 8.2% 15.8% 9.5% 15.0% 7.8% 10.7% 5.7% 12.0% 7.3% 13.1% 7.2% 18.6% 9.1% 13.5% 7.7% 5.8% 4.7% 6.0% 5.3% 6.7% 5.7% 6.9% 5.4% 5.8% 4.1% 10.3% 5.9% 14.5% 7.2% 9.1% 7.6% 7.8% 1.1% 12.2% 6.0% 12.6% 7.0% 11.7% 6.7% 9.8% 6.8% 13.1% 6.6% 15.3% 7.3% 7.8% 6.4% 7.1% 5.2% 3.8% 3.2% 5.8% 2.6% 8.7% 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

October 2005

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