29 / 07 / 2015
On the weakening of air cargo growth as the year has progressed
“Cargo growth has undoubtedly come off the boil. The expansion in volumes we saw in 2014 has ground to a halt, and load factors are falling.
“Some economic fundamentals still point to a rebound in the second half of the year, but we have to recognise that business confidence is flat and export orders are in decline. There is also the risk of a shock to the economic system of a ‘Grexit’ from the Eurozone.”