IATA: Cargo at a turning point?

Air cargo may be at a turning point according to the International Air Transport Association (IATA) which released international traffic results for October showing a 14.4 per cent year-on-year increase for international freight. The figure is marginally down on the 15.5 per cent increase recorded in September but volumes improved slightly on the September level […]


cargo trends Giovanni Bisignani IATA International Air Transport Association


Air cargo may be at a turning point according to the International Air Transport Association (IATA) which released international traffic results for October showing a 14.4 per cent year-on-year increase for international freight. The figure is marginally down on the 15.5 per cent increase recorded in September but volumes improved slightly on the September level when seasonally adjusted. “Freight appears to be at a turning point,” said IATA with the October volume growth putting an end to a continual decline since May which amounted to a five per cent drop over the period. “But a single month does not make a trend. And it remains to be seen if this is the stabilization in freight volumes or the start of an upward trend,” said Giovanni Bisignani, IATA’s director general and CEO. But overall the picture is optimistic with cargo demand one per cent above the pre-crisis levels of early-2008 and passenger demand is five per cent up. “Where we go from here is dependent on developments in the global economy,” IATA added.