Industry has not yet hit bottom: IATA Continued falling cargo demand has led the International Air Transport Association (IATA) to urge the cargo supply chain to improve security and efficiency to deliver a more enticing product. In remarks delivered by video to IATA's World Cargo Symposium in Bangkok, CEO Giovanni Bisignani said: "The industry is in crisis and nobody knows that better than our cargo colleagues. Cargo demand has fallen off a cliff." ¡°After a shocking 22.6 per cent decrease in … [Read more...] about Industry has not yet hit bottom~ IATA
IATA
Deeper cargo drop in Jan
Figures for January released by IATA show air freight and passenger traffic heavily down again, dropping 23.2 and 5.6 per cent respectively. The sharp fall in air freight was even deeper than the 22.6 per cent drop in December and marks the eighth consecutive month of contraction for freight traffic. Asia Pacific carriers, representing 43 per cent of the market, led the cargo decline with a 28.1 per cent year-on-year drop. This was followed closely by the other major market players: European … [Read more...] about Deeper cargo drop in Jan
ME carriers to see losses double in ¡¯09
The Middle East aviation industry should brace for further turbulence this year, with the region¡¯s airlines poised to rack up combined losses of $200 million this year ¨C twice the amount they lost in 2008, according to the International Air Transport Association (IATA). IATA warned that growth in regional passenger and air cargo traffic in 2009 would ¡°slow to a crawl¡± of only about 1.2 per cent due to the global recession. At the same time, IATA forecasts that capacity for Middle … [Read more...] about ME carriers to see losses double in ¡¯09
IATA: International cargo traffic in “free-fall”
The latest international scheduled traffic statistics from the International Air Transport Association (IATA) show that in the month of December global international cargo traffic plummeted by 22.6 per cent compared to December 2007. For the full-year 2008, international cargo traffic was down 4 per cent compared to 4.3 per cent growth in 2007. ¡°The 22.6 per cent free fall in global cargo is unprecedented and shocking," said Giovanni Bisignani, IATA¡¯s director general and CEO. "There is no … [Read more...] about IATA: International cargo traffic in “free-fall”
IATA: International cargo traffic in "free-fall"
The latest international scheduled traffic statistics from the International Air Transport Association (IATA) show that in the month of December global international cargo traffic plummeted by 22.6 per cent compared to December 2007. For the full-year 2008, international cargo traffic was down 4 per cent compared to 4.3 per cent growth in 2007. ¡°The 22.6 per cent free fall in global cargo is unprecedented and shocking," said Giovanni Bisignani, IATA¡¯s director general and CEO. "There is no … [Read more...] about IATA: International cargo traffic in "free-fall"
Asia Air Cargo Dives 11 Per cent
Freight traffic for Asian airlines plunged 11 per cent in October, the steepest decline for the carriers since 2001 and a worrying signal that the downturn is worsening. The decline measured by the Association of Asia Pacific Airlines was deeper than the 9 per cent drop the AAPA reported in September, and one that came during a period when carriers are normally ramping up business for the peak pre-Christmas shipping season. Traffic for the carriers measured in freight metric-tonne kilometers … [Read more...] about Asia Air Cargo Dives 11 Per cent
