newstodate.aero
Nov 10, 2009 (newstodate): Things are moving forward in Iceland's air cargo business - but very slowly.
-We had indeed expected improvements to come faster that it turned out to be. The financial problems are still there, and the banking system is also not in place to support a beginning recovery in the country's exporting and other industry sectors, says Bjarni Steinar Bjarnason, Icetransport manager sales & marketing.
-Air cargo volumes are low as exporters turn to sea transportation instead to save money. October and November should be the peak season for air cargo, but this has not been the case in 2009, and while export cargo is slowly moving up, imports are especially hard hit by the lack of consumption power in Iceland.
-We are slowly moving up the hill, but 2009 will indeed be a bleak year. Expectations are that things will continue to turn for the better, though, but we will probably have to wait till end of 2010 to see anything like a recovery, says Mr Bjarnason.
According to Mr Bjarnason, the split in import/export cargo volumes, normally 80/20 percent, is now rather 70/30 percent in a depressed market.
-We had indeed expected improvements to come faster that it turned out to be. The financial problems are still there, and the banking system is also not in place to support a beginning recovery in the country's exporting and other industry sectors, says Bjarni Steinar Bjarnason, Icetransport manager sales & marketing.
-Air cargo volumes are low as exporters turn to sea transportation instead to save money. October and November should be the peak season for air cargo, but this has not been the case in 2009, and while export cargo is slowly moving up, imports are especially hard hit by the lack of consumption power in Iceland.
-We are slowly moving up the hill, but 2009 will indeed be a bleak year. Expectations are that things will continue to turn for the better, though, but we will probably have to wait till end of 2010 to see anything like a recovery, says Mr Bjarnason.
According to Mr Bjarnason, the split in import/export cargo volumes, normally 80/20 percent, is now rather 70/30 percent in a depressed market.