AUSTRALIA: Modest 4.3% growth for Oz air cargo

Australia’s air freight sector is forecast to post a year on year (y-o-y) increase of 4.3 per cent in 2010, a recovery on 2009 when cargo volumes carried by air fell by an estimated -1.82 per cent, according to the Australia Freight Transport Report recently released by research group Business Monitor International (BMI). Air cargo […]


Australia’s air freight sector is forecast to post a year on year (y-o-y) increase of 4.3 per cent in 2010, a recovery on 2009 when cargo volumes carried by air fell by an estimated -1.82 per cent, according to the Australia Freight Transport Report recently released by research group Business Monitor International (BMI). Air cargo which was badly affected by the economic downturn is still immersed in the scandal of price fixing which masked inefficiency in the industry, BMI says. “Polar Air Cargo pleaded guilty in September to fix airfreight charges, which may well start off another round of court cases. Qantas is seeking to make its business more efficient to maintain its contract with Australia Post. Virgin Atlantic Cargo started to recover from the losses it suffered at the height of the economic crisis in 2009,” the report noted of the Australian air cargo sector. In overall economic terms, BMI is forecasting a growth of 4.9 per cent in total trade in real terms for 2010. Over the rest of the forecast period (2010- 2014), BMI expects that Australia’s total trade will increase by a yearly average of just 1.87 per cent.