newstodate.aero
FEB 04, 2004 (newstodate): In its latest edition of the annual "Trends and Forecast", Lufthansa Cargo expects the global airfreight market to recover, picking up again in 2004.
While not still reaching the levels of growth by six percent untill 2000/2001, the growth rate is now expected to be around 5.3 percent from 2004 to 2010.
The main driver of the growth will be Asia, notably the Chinese market, Korea and India, while Lufthansa Cargo also expects North America soon to regain its breath.
With its growth forecast, Lufthansa Cargo has placed itself in a rather conservative corner, compared to similar estimates by UPS and Boeing that are clearly more optimistic.
As for developments in yields, crucial to any airline operator, Lufthansa Cargo foresees a modest annual growth at 0.3 percent from 2003 to 2009.
This further requires the company to fight for larger shares in its markets, as volume growth is clearly crucial to generate more revenue.
While not still reaching the levels of growth by six percent untill 2000/2001, the growth rate is now expected to be around 5.3 percent from 2004 to 2010.
The main driver of the growth will be Asia, notably the Chinese market, Korea and India, while Lufthansa Cargo also expects North America soon to regain its breath.
With its growth forecast, Lufthansa Cargo has placed itself in a rather conservative corner, compared to similar estimates by UPS and Boeing that are clearly more optimistic.
As for developments in yields, crucial to any airline operator, Lufthansa Cargo foresees a modest annual growth at 0.3 percent from 2003 to 2009.
This further requires the company to fight for larger shares in its markets, as volume growth is clearly crucial to generate more revenue.