The magnitude of the global economic crisis-induced crash in the air cargo market is, by now abundantly clear to all. A 20 per cent free fall in volumes with only a five to eight per cent cut in industry capacity has seen precious yields drop by 20 per cent in the first half of 2009. The resultant impact vaporised nearly 40 per cent ofthe industry’s total revenue stream. “When you are planning networks and capacity growth in 2008/09 and suddenly you are back at 2003 levels, … [Read more...] about Bold steps for Europe’s big two cargo carriers
global economic crisis
April turmoil deflates Thailand’s volume
Cargo, passenger and aircraft traffic through Thailand’s six main airports continued to decline in April as political turmoil heightened by rioting in Bangkok further added to the slowdown already in process due the global economic crisis. Total cargo volumes in the month shrank 26 per cent to 82,727 tonnes year on year, while passenger throughput fell 12 per cent to 4.43 million pax and aircraft movements fell 10 per cent to 30,433, according to statistics compiled by Airports of … [Read more...] about April turmoil deflates Thailand’s volume
