The enemy within

Now that the worst of the crisis appears to be behind us, glimmers of optimism are increasingly being expressed by the industry. At the recent Air Cargo India, the mood was far more upbeat than it has been for the last few such industry gatherings during the height of the crisis last year. The optimism […]


Now that the worst of the crisis appears to be behind us, glimmers of optimism are increasingly being expressed by the industry. At the recent Air Cargo India, the mood was far more upbeat than it has been for the last few such industry gatherings during the height of the crisis last year. The optimism may be slightly skewed by the very location of the cargo event however, as India never reached the same depths of the economic quagmire that other economies around the world did.

And while optimism is rooting itself, there is a very sensible caution being exhibited by most carriers. Will the recovery hold, or will the euphoria of December peak volumes give way to collapse? The all-important tipping point of the Chinese Lunar New Year seems to herald further recovery as volumes continue to build and yields out of Asia continue to gradually strengthen post-Lunar New Year.

Opinions on the recovery are naturally divided, but one stark warning from Datamonitor (see News on page 24) goes as far as to suggest the possibility of the much dreaded ‘double-dip’ recession. Even at best, Datamonitor warns of a “slow recovery” taking “many years to recover to pre-recession levels”.