The International Air Transport Association (IATA) released June figures showing a 1.2 per cent year-on-year expansion in global air freight demand. Although weak, this is a clear improvement when compared to the 0.9 per cent year-on-year demand growth recorded in May and the 0.1 per cent growth realised over the first half of the year. While previously the global economic trend has been defined by robust emerging economies and stagnant growth in developed markets, the strongest improvements … [Read more...] about IATA's June figures offer hope with 1.2% expansion
International Air Transport Association
IATA warns of slower cargo growth
Global air cargo growth will slow sharply over the next year and a half after staging a stunningly rapid recovery from the international trade downturn, the International Air Transport Association (IATA) said in its recent Cargo E-Chartbook. International air cargo traffic, which has been growing at more than 20 per cent year-over-year each month since the end of the third quarter last year, was 4 per cent ahead of the pre-downturn peak of 2008 in July, IATA said. IATA now forecasts air freight … [Read more...] about IATA warns of slower cargo growth
IATA success in standardising cargo liability
The International Air Transport Association (IATA) announced the standardisation of cargo liability limits. With effect from 1 July 2010, the Air Waybill (AWB) Conditions of Contract (IATA Resolution 600b) have been changed to harmonise the application of the Montreal Convention liability limit for all air cargo across all routes. IATA says the simplified approach improves efficiency for shippers and forwarders and is consistent with industry efforts to improve competitiveness by simplifying … [Read more...] about IATA success in standardising cargo liability
Air cargo demand continues rebound: IATA
The International Air Transport Association (IATA) announced international scheduled traffic statistics for May which showed a 34.3 per cent jump in freight demand and an 11.7 per cent increase in passenger traffic and compared to May 2009. “Demand rebounded strongly in May following the impact of the European volcanic ash fiasco in April. Passenger traffic is now 1 per cent above pre-recession levels, while the freight market is 6 per cent bigger,†said Giovanni Bisignani, IATA's … [Read more...] about Air cargo demand continues rebound: IATA
Korean Air Cargo remains No.1 cargo carrier
New International Air Transport Association (IATA) statistics have shown that Korean Air maintained and improved top traffic records in 2009 despite the global economic slowdown that depressed the air cargo market. According to World Air Transport Statistics compiled by IATA, Korean Air topped the global rankings for commercial airline cargo operations for the sixth consecutive year securing first place. During 2009, Korean Air recorded 8.225 billion FTK (Freight Tonne-Kilometres), topping the … [Read more...] about Korean Air Cargo remains No.1 cargo carrier
IATA blasts Europe again over volcanic crisis
The International Air Transport Association (IATA) called on European governments and air navigation service providers to urgently develop more precise procedures to identify ash contaminated air space and allow more flights. The call came in the wake of 1,000 flight cancellations on Monday (17 May) as a result of the continued volcanic eruptions in Iceland. “This problem is not going away any time soon. The current European-wide system to decide on airspace closures is not working. We … [Read more...] about IATA blasts Europe again over volcanic crisis
