newstodate.aero
JAN 21, 2004 (newstodate): Lufthansa Cargo is watching developments in the Nordic markets with "reluctant, cautious optimism".
-January is always a bad month for air cargo, but this year it has at least been less bad than 2003, says Ulrich Link, Lufthansa Cargo director Nordics & Baltics.
-The telecom industry in Finland is doing quite well, and exports of Norwegian perishables that usually drop sharply after Christmas have actually remained larger than expected, maybe spurred by the early Chinese New Year festival, he says.
According to Mr Link, Sweden remains a troubled air cargo market though the early signs of a recovery can be seen, while Denmark sustains a healthy trend with significant demand in the market for air cargo.
-Compared to other regions, the Nordic countries are still expected to sustain a GDP growth rate well above most other markets, including the German, so there is basis for some optimism, says Ulrich Link.
-These observations only concern trends in air cargo volumes, however. As for yields, the prospects remain dim as over-capacity in the market still forces rates down to unprecedented low levels, says Ulrich Link.
-January is always a bad month for air cargo, but this year it has at least been less bad than 2003, says Ulrich Link, Lufthansa Cargo director Nordics & Baltics.
-The telecom industry in Finland is doing quite well, and exports of Norwegian perishables that usually drop sharply after Christmas have actually remained larger than expected, maybe spurred by the early Chinese New Year festival, he says.
According to Mr Link, Sweden remains a troubled air cargo market though the early signs of a recovery can be seen, while Denmark sustains a healthy trend with significant demand in the market for air cargo.
-Compared to other regions, the Nordic countries are still expected to sustain a GDP growth rate well above most other markets, including the German, so there is basis for some optimism, says Ulrich Link.
-These observations only concern trends in air cargo volumes, however. As for yields, the prospects remain dim as over-capacity in the market still forces rates down to unprecedented low levels, says Ulrich Link.