Montréal, 05 March 2012 – On the whole, both international traffic and domestic traffic posted gains in the vicinity of 5 percent for the month of January. The Asia-Pacific region has been a major contributor to this growth, with a year over year increase of over 9 percent in passenger traffic. Jakarta (CGK), Hong Kong (HKG) and Guangzhou (CAN) all posted gains in the number of passengers of over 15 percent for January. However, air freight for the Asia-Pacific region reveals an entirely different story. For the region as a whole, traffic in air freight has dropped by almost 13 percent inducing a global decline to over 7 percent for the month of January. While there is some cause for concern, much of the decline is attributed to the Chinese New Year. With Chinese industry closing for the holidays, major airports in the region saw sharp declines. Shanghai (PVG) and Hong Kong (HKG) decreased by -22.8 and -17.5 percent respectively for January. Major airports in other regions experienced declines in freight as well. Based on the global sample of airports, sixteen of the top twenty airports in terms of freight volume all experienced year over year declines for the month of January. Incheon (ICN), Anchorage (ANC), Paris (CDG) and Frankfurt (FRA) each saw double digit declines in air freight traffic.