newstodate.aero
Sep 02, 2011 (newstodate): While airports and operators still cling to the latest forecast from aircraft manufacturers like Boeing and Airbus when it comes to forecasting cargo trends, IATA takes a more down-to-earth attitude.
Boeing sees cargo traffic to grow by 5.9 percent annually over the next period.
But IATA is seeing cargo traffic down worldwide these days.
Thus the freight markets were stagnating in July 2011 with a 0.4 percent demand decline over previous year levels, according to IATA.
Asia-Pacific carriers continue to show the weakest freight performance with a 3.6 percent decline compared to July 2010, while carriers in the Middle East and Latin American showed the strongest performance with gains of 8.4 and 8.2 percent, respectively.
European cargo traffic dropped by 0.5 percent, and North American cargo traffic was up two percent in July 2011, compared to last year.
At the same time capacity increased, and the result was waning cargo load factors.
The trend was especially strong among the Asia-Pacific carriers, the largest in the market, that saw load factors slip to 58.1 percent, compared to 60.2 percent in July 2010.
Boeing sees cargo traffic to grow by 5.9 percent annually over the next period.
But IATA is seeing cargo traffic down worldwide these days.
Thus the freight markets were stagnating in July 2011 with a 0.4 percent demand decline over previous year levels, according to IATA.
Asia-Pacific carriers continue to show the weakest freight performance with a 3.6 percent decline compared to July 2010, while carriers in the Middle East and Latin American showed the strongest performance with gains of 8.4 and 8.2 percent, respectively.
European cargo traffic dropped by 0.5 percent, and North American cargo traffic was up two percent in July 2011, compared to last year.
At the same time capacity increased, and the result was waning cargo load factors.
The trend was especially strong among the Asia-Pacific carriers, the largest in the market, that saw load factors slip to 58.1 percent, compared to 60.2 percent in July 2010.