The International Air Transport Association (IATA) announced an outlook for improved industry profitability in its Economic Performance of the Air Transport Industry report. Airlines are expected to post a collective global net profit in 2014 of some US$19.9 billion (up from the US$18.0 billion projected in June). This looks set to rise to US$25.0 billion in 2015. Lower oil prices and stronger worldwide GDP growth are the main drivers behind the improved profitability. Consumers will benefit … [Read more...] about IATA: Tonnage up but rates to shrink in 2015
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Tony Tyler
October cargo on the up, says IATA
The International Air Transport Association (IATA) released October data for global air freight markets showing that the strong performance of air cargo in recent months is continuing. Demand, measured in freight tonne kilometers (FTK), rose 5.4 per cent in October compared to October 2013. This out-stripped capacity which grew by 4.4 per cent. Compared to September demand grew by 0.7 per cent bringing freight volumes to a new record monthly high. The good results reflect the improvements in … [Read more...] about October cargo on the up, says IATA
IATA: Prepare for growth challenges for APAC
The International Air Transport Association (IATA) identified continuous safety enhancement, the availability of cost-efficient infrastructure and environmental responsibility as critical factors to ensure that Asia-Pacific continues to realise the enormous economic and social benefits of air connectivity. “It is no understatement to say that air connectivity underpins modern economies. Aviation and aviation-enabled tourism accounts for over 24 million jobs and over US$500 billion in … [Read more...] about IATA: Prepare for growth challenges for APAC
IATA: Air freight to grow 4.1% annually
The International Air Transport Association (IATA) Airline Industry Forecast 2014-2018 shows that international freight volumes are expected to increase at a CAGR of 4.1 per cent over the next five years. Emerging economies, particularly in the Middle East and Africa, will be the fastest-growing markets. “Air cargo remains as vital to the global economic system as ever. This year, more than US$6.8 trillion worth of goods, equivalent to 35 per cent of total world trade by value, will be … [Read more...] about IATA: Air freight to grow 4.1% annually
Air freight recovery strengthens, says IATA
The International Air Transport Association (IATA) announced August 2014 data for global air freight markets showing continued robust growth in air cargo volumes. Measured by freight tonne kilometers (FTKs), volumes rose 5.1 per cent in August, compared to August 2013. Capacity grew at a slower pace of 3.4 per cent from the previous year. This is the second strong month for cargo volumes in a row, following the 6.1 per cent year-on-year rise recorded in July. Carriers in all regions reported an … [Read more...] about Air freight recovery strengthens, says IATA
IATA urges Vietnam gov’t to support air cargo
The International Air Transport Association (IATA) called on the Vietnamese government to work with the air transport sector to strengthen the country’s economy through global air connectivity. IATA identified three broad strategic areas to focus on: infrastructure, passenger experience and cargo. “Vietnam is a dynamic and rapidly growing aviation market. The successful development of aviation will pay big dividends to the Vietnamese economy. It must be treated as a strategic … [Read more...] about IATA urges Vietnam gov’t to support air cargo
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