The International Air Transport Association (IATA) released data for global air freight markets showing a strong increase in air cargo in July. Compared to July 2013, freight ton kilometres (FTKs) rose 5.8 per cent. This is an acceleration in growth from June when cargo demand grew at less than half that rate (2.4 per cent). The strong growth mirrors positive developments in some key regional economies. After a slowdown at the start of the year, global business confidence and trade are … [Read more...] about IATA: July air freight markets rise strongly
Air Transport Association
DOT withdraws controversial slot auctions
The US Department of Transportation (DOT) announced recently it intends to cancel proposed slot auctions at New York’s three main area airports, reversing a controversial rule put in place by DOT in the waning days of the Bush administration. The plan to requisition slots from airlines at JFK, LaGuardia and Newark and auction them to reduce delays had been tied up in court since it was proposed last fall following legal challenges by the Port Authority of New York and New Jersey, … [Read more...] about DOT withdraws controversial slot auctions
US air cargo volumes drop 21% in Q1
US carriers have reported their worst quarter for cargo ever, in the first three months of 2009, recording a 21.1 per cent decline in traffic despite some signs of growing demand late in the quarter, according to the Air Transport Association. The carriers saw traffic fall 20.9 per cent in March from the same month a year ago, but traffic measured in cargo ton miles grew 11.7 per cent from February to March - the first month-on-month increase the US carriers have seen since October. Traffic in … [Read more...] about US air cargo volumes drop 21% in Q1
US airline groups seek US$4 billion in aid
US airline groups seek US$4 billion in aid A broad coalition of US airline and aerospace industry trade groups is reportedly seeking a US$4 billion slice of the economic stimulus package being mulled over by the incoming Obama administration, Dow Jones reported. The funds would be used to kick-start modernisation of the country's antiquated air traffic control system through equipping aircraft with satellite-based navigation technology. The plan is outlined in a letter to government officials … [Read more...] about US airline groups seek US$4 billion in aid
