The International Air Transport Association (IATA) called on airlines and their partners in the air cargo supply chain to work together to make air cargo more competitive and address the challenges of safety, security and sustainability.
“Air cargo is vital to the global economy, transporting more than $5 trillion worth of goods annually, or more than a third of world trade by value. And for airlines, it accounts for about 12 percent of industry revenues. But, like the rest of the airline industry, air cargo is a tough business. The last two years have been particularly difficult. Last year saw a two percent decline in both air cargo demand and yields. There are early signs that an upturn is on the way. To seize the opportunity we must strengthen the industry’s competitiveness,” said Tony Tyler, IATA’s Director General and CEO.
“Air cargo plays a critical role in driving economic growth and development. This is not always fully appreciated by governments. That is why it is essential that the supply chain speaks with a single voice to articulate policies that support its success. I hope that GACAG will facilitate a joint action plan to focus on persuading key governments of the need to put cargo at the heart of their economic strategies,” said Tyler.