Saturday, January 2, 2010

Air Freight Traffic Demand Increases Substantially On Last Year

Still Much Ground to be Recovered – IATA
Shipping News Feature

WORLDWIDE - The International Air Transport Association (IATA) has reported that air freight traffic for November 2009 has increased globally by 9.5% when compared to the same month of last year. Though the figures are positive IATA points out that these results are exaggerated by the massive slump in demand that occurred in the second half of 2008.

IATA states that in real terms November’s air freight demand is twenty percent better than the lowest point of the slump in December 2008, but still ten percent below tonnage levels from early 2008.

 In addition, the improved figures are far from universal, with European air freight languishing in the doldrums and being the only global region to record a drop in traffic, with a 5.6% fall in demand.

Giovanni Bisignani, IATA’s Director General and CEO said of Novembers figures that: “Demand continues to improve, but we still have a lot of ground still to recover. We cannot anticipate any significant improvement in yields in the coming months. So, conserving cash, controlling costs and carefully matching capacity to demand remain at the keys to survival”.