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Airlines’ load factors are still at record or near-record highs due to slower rise in capacity, according a report byย the Shipping Gazette.

The report cited the March/April edition of the International Air Transport Association’s “Financial Monitor.”

It said demand rose “strongly” in the first quarter on 2010, with air freight up by 26% and air travel up 9%ย year on year, according to the report, which cited aย British International Freight Association (BIFA) newsletter.

Rising fuel prices are however adding pressure to cost costs, the report added.

“Average fares are also rising, providing some offset, as supply-demand conditions tighten further,” it said.

It added that deliveries of new aircraft were up to 116 in March with eight taken out of storage and 12 aircraft retired.

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