Category: Global Economic Trends

Air cargo peak season with no peak, notes IATA

“Air cargo’s peak season is off to a disappointing start, with demand down 3.5 per cent in October,” observes Alexandre de Juniac, IATA’s CEO. “Demand is set to decline in 2019 overall – the weakest annual outcome since the global financial crisis. It has been a very tough year for the air cargo industry.”

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Airfreight slump continued in September

Asia-Pacific airlines saw demand for air cargo contract by 4.9 per cent in September 2019. The US-China and South Korea-Japan trade wars, along with the slowdown in the Chinese economy, have significantly impacted this region, reveals the International Air Transport Association (IATA)

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Airfreight volumes continue to nosedive

“Air cargo continues to face strong headwinds from the intensifying trade war between the USA and China, as well as weakness in some key economic indicators and rising political uncertainties worldwide,” warns Alexandre de Juniac, IATA’s CEO

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