The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased by 1.1% in November 2019, compared to the same period in 2018. This marks the thirteenth consecutive month of year-on-year declines in freight volumes. Despite the decline in demand, November’s performance was the best in eight months, with the slowest year-on-year rate of contraction recorded since March 2019. In part, … [Read more...] about Despite the decline in demand, November’s performance was the best in eight months, with the slowest year-on-year rate of contraction recorded since March 2019
The International Air Transport Association
IATA urges Australian government to strengthen regulations
The International Air Transport Association (IATA) is urging the Australian government to take the necessary and long overdue steps to strengthen the economic regulation of services provided by airports. In its submissions to the Productivity Commission (PC) Inquiry on the Economic Regulation of Airports, IATA has consistently highlighted six areas that need to be addressed: The current Economic Regulatory Regime does not address or exercise remedial action where … [Read more...] about IATA urges Australian government to strengthen regulations
Cargo demand continues to recover: IATA
The International Air Transport Association (IATA) announced international scheduled traffic statistics for June which showed continued strong demand growth as the industry recovers from the impact of the global financial crisis. Compared to June 2009, international scheduled freight traffic showed a healthy 26.5 per cent improvement while international passenger demand was up 11.9 per cent. International freight demand growth was down from the 34 per cent recorded in May 2010. May was … [Read more...] about Cargo demand continues to recover: IATA