IATA Pessimistic on Air Cargo Growth This Year
Saturday, May 7, 2016The International Air Transport Association (IATA) has released a pessimistic view on air cargo growth saying, “it is shaping up to be another tough year for air cargo” pointing to the latest 2.0 per cent drop in volumes against a 6.9 per cent rise in capacity. Asia-Pacific carrier, in particular, saw a 5.2 per cent decline in demand in March compared with a year ago.
The latest IATA data for global air freight markets for March 2016 showing a 2.0 per cent drop in volumes measured in freight tonne kilometres (FTKs) compared to the same period last year. In contrast, freight capacity (measured in available freight tonne kilometres or AFTKs) rose by 6.9 per cent, putting increased pressure on already struggling yields.