IATA expects favourable economic climate for air freight
International market for air cargo stabilises; overall air cargo volumes at 25-month high
The international market for air cargo has been stabilising in September 2013. This results from the figures released by the International Air Transport Association (IATA) on October 30. Accordingly in September 2013 cargo business grew by 0.5 per cent year-on-year, which is quite slower than the 3.4 per cent-growth recorded for August 2013. Overall air cargo volumes are at a 25-month high.
“At a global level, the September results are aligned with our expectations for an improvement towards the end of the year. All indicators still point to strengthening business confidence as we approach the final quarter. That the cause for cautious optimism. But the persistent cargo weakness when compared to the strength of passenger markets is a signal for the industry to work at improving its value proposition with programs such as e-freight,” said Tony Tyler, IATA’s Director General and CEO.
European carriers grew 1.4 per cent in September 2013 year-on-year. The load factor, however, fell to 46.0 per cent as capacity grew 2.6 per cent. Strongest growth of all regions was registered by Middle East carriers.
www.iata.org
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