Asian carriers’ 5.5 per cent cargo dive

ASIAN carriers’ 5.5 per cent fall in cargo volumes in August clearly reflects how stagnant market conditions are.
Airfreight dropped 0.8 per cent compared with the same period in 2011, IATA’s global traffic results show.
The body noted the stability seen in cargo markets during this year could be “under threat” owing to continued economic fragility. However, Middle Eastern, African and North American airlines had something to smile about enjoying positive growth – 11.3 per cent, 10.2 per cent and 2.0 per cent, respectively.
 “Sluggish growth in the USA, the continuing sovereign debt crisis in Europe and concerns over the slowdown in the Chinese economy are taking their toll on both business and consumer confidence,” states Tony Tyler, IATA’s director general.
Share this story

Related Topics

Latest news

SF Airlines resumes European flights for coronavirus shipments

By Damian Brett

China’s largest freighter operator SF Airlines has resumed flights to Frankfurt Hahn ahead of schedule in order to meet demand…

Read More

Share this story

Lufthansa Cargo partners with portal Fleet for booking and tracking

By Damian Brett

Online cargo portal Fleet will become one of the first companies to connect into Lufthansa Cargo’s latest booking and Application…

Read More

Share this story

Bloomberg: HNA airline assets could be put up for sale

By Damian Brett

Reports suggest China could be about to take over troubled conglomerate HNA and sell off its airline assets. Bloomberg yesterday…

Read More

Share this story