newstodate.aero
Jan 30, 2009 (newstodate): IATA offers little comfort to the bleeding aviation industry in its latest statistics on world air cargo traffic in December and full-year 2008.
In December, 2008, the global international cargo traffic plummeted by 22.6 percent, y-o-y.
-The free fall in global cargo is unprecedented and shocking. There is no clearer description of the slowdown in world trade. Even in September 2001, when much of the global fleet was grounded, the decline was only 13.9 percent, says Giovanni Bisignani, IATA Director General and CEO, in a release.
Full-year international air freight traffic contracted 4.0 percent, y-o-y, in 2008, compared to 4.3 percent growth in 2007.
-2009 is shaping up to be one of the toughest years ever for international aviation. The 22.6 percent drop in international cargo traffic in December puts us in un-charted territory and the bottom is nowhere in sight. Keep your seatbelts fastened and prepare for a bumpy ride and a hard landing, says Mr Bisignani.
Traffic was down in all markets except for the Middle East that still managed to grow by 6.3 percent, y-o-y.
In December, 2008, the global international cargo traffic plummeted by 22.6 percent, y-o-y.
-The free fall in global cargo is unprecedented and shocking. There is no clearer description of the slowdown in world trade. Even in September 2001, when much of the global fleet was grounded, the decline was only 13.9 percent, says Giovanni Bisignani, IATA Director General and CEO, in a release.
Full-year international air freight traffic contracted 4.0 percent, y-o-y, in 2008, compared to 4.3 percent growth in 2007.
-2009 is shaping up to be one of the toughest years ever for international aviation. The 22.6 percent drop in international cargo traffic in December puts us in un-charted territory and the bottom is nowhere in sight. Keep your seatbelts fastened and prepare for a bumpy ride and a hard landing, says Mr Bisignani.
Traffic was down in all markets except for the Middle East that still managed to grow by 6.3 percent, y-o-y.