Air cargo still weak, but with some 'bright spots for airlines to focus on'
The air cargo market continues to look weak – but economists, forwarders and airlines are ...
© Khunaspix Dreamstime.
By Alex Lennane
More stats out on air freight today. IATA has released data for May, showing a 4.7% increase in volumes over a year ago. It also notes improvement in the global economy, and increased business activity as good indicators for the future. However, load factors remained below 50%. Tony Tyler, IATA chief, called on airlines to innovate and find a united approach. “The sector still faces an uphill battle to restore competitiveness and increase its share of trade growth. This will not be achieved with a business-as-usual mindset. The competitors to air cargo are innovating aggressively,” he said.
Comment on this article