newstodate.aero
Nov 29, 2011 (newstodate): World airfreight volumes dropped by 4.7 percent, y-o-y, as the confidence of purchasing managers in the manufacturing sector has fallen to its lowest level since 2009.
-This loss of confidence appears to have caused shippers to switch some transport needs to slower and cheaper sea options to the detriment of air freight, says IATA in its latest release with October statistics.
-Since mid-year, the airfreight market has shrunk by almost 5 percent and this is far greater than the one percent fall in world trade.
-Airlines have responded to weaker demand by cutting their freighter fleets. But this has not stopped a steady and substantial five percentage point fall in freight load factors compared to their early 2010 peak owing to capacity entering the market via more wide-body passenger aircraft.
-This loss of confidence appears to have caused shippers to switch some transport needs to slower and cheaper sea options to the detriment of air freight, says IATA in its latest release with October statistics.
-Since mid-year, the airfreight market has shrunk by almost 5 percent and this is far greater than the one percent fall in world trade.
-Airlines have responded to weaker demand by cutting their freighter fleets. But this has not stopped a steady and substantial five percentage point fall in freight load factors compared to their early 2010 peak owing to capacity entering the market via more wide-body passenger aircraft.