IATA: solid volume gains

Air freight volumes are showing solid gains on a year ago, supported by improving trade growth in some regions, but weakness in load factors and yields continues to place downward pressure on financial performance.
That was the message from the latest cargo e-Chartbook from airline association IATA, covering the fourth quarter of 2014.
It reports that emerging Asia trade volumes continue to rise and that US consumers are the most confident they have been since the recession, and that these developments have supported growth in demand for air-freighted commodities like semi-conductors.
“However, in Europe consumer confidence and trade activity have weakened due to the Russia-Ukraine crisis,” warns IATA, adding: “Moreover, there has been no increase in global business confidence for the past several months.
“This casts doubts over the strength of the global economic upturn and prospects for continued trade growth.”
The tumbling oil price has seen “notable declines” in jet fuel prices since mid-2014 which should help reduce airline costs, but “yields continue to decline slowly, putting strain on financial performance, and could weaken further as new aircraft deliveries come into service in 2015”.
Cargo bosses surveyed in October do not expected to see any improvement in yields during the year ahead, but they do anticipate continued growth in demand. 
Did you find this article of interest, if so why not register for a FREE digital subscription to Air Cargo News? – Find out more
Life Sciences and Pharmaceuticals Conference 2014, to be held in London during December. To register and find out more…

Share this story

Related Topics

Latest americas news

US Regional Air Cargo Carriers Association scholarship programme open for applications

The US Regional Air Cargo Carriers Association (RACCA) has opened applications for its scholarship programme that is designed to help aspiring…

Read More

Share this story

Warnings of potential east coast US container port strikes

Talks between US ports and port worker representatives over a new labour contract have broken down this week raising the…

Read More

Share this story

Modern Logistics targets Latin American and US air cargo markets

Modern Logistics is planning to execute a two-stage strategy to enter the Latin American and US air cargo markets. The…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.