IATA is pleased to send herewith the latest quarterly Cargo Market Analysis.
Key points:
- Modest gains in global economic growth expected in 2015 but vulnerabilities in emerging markets present downside risks
- On aggregate, the cargo market has shrunk this year compared to the levels achieved at the end of 2014
- Inventory overhang in US and a drop in semi-conductor shipments point to weakness in key air freight demand drivers
- Reduced freighter aircraft utilization and plunging load factors are other indications of underlying demand weakness
- Relative to oil prices, yields have held up but lower load factors and aircraft utilization may compromise profitability
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