A new year beckons

Another year over – almost – and for pretty much most of the air cargo industry it’s probably a year best forgotten. But as we are, here on the eve of the year-end and a brand new year awaits just around the corner, one cannot help but detect the scent of optimism in air. On […]


Another year over – almost – and for pretty much most of the air cargo industry it’s probably a year best forgotten. But as we are, here on the eve of the year-end and a brand new year awaits just around the corner, one cannot help but detect the scent of optimism in air.

On the bright side, it appears industry opinion is unanimous that the worst is over and the world is unlikely to plunge back into turmoil in a much feared and – oh so cruel – double dip.

Certainly the unexpected peak season that actually left shippers scrambling for capacity out of Asian airports – especially Hong Kong – much to the joy of charter specialists, gave the industry a well needed lift.

More good news arrived on my desk today with IATA’s latest Cargo E-chartbook for the fourth quarter pointing to “more consistent signs of an improvement in the air freight business”. Volumes and yields are now moving in the right direction, it said. October’s global air freight volumes are just 0.5 per cent below the same month last year, something that seemed impossible only a few months back. But that only takes the market half way back to the levels of 2008, IATA rightly points out.