Here is the latest quarterly Cargo Market Analysis.
Key points:
- Positive cyclical developments in business conditions have helped airline cargo business experience a pick-up in air freight demand;
- But high jet fuel prices and weakness in yields continue to place downward pressure on financial performance;
- Business confidence continues to signal growth in economic activity, and consumers in Europe and the US are becoming more confident;
- These developments have supported a rise in demand for air-freighted commodities like semi-conductors;
- But despite a pick-up in world trade growth over recent months, further expansion may be limited by the trend toward on-shoring of production;
- Jet fuel prices have eased slightly in 2014 but remain high, and despite a seasonal pick-up in air freight yields, levels are down on a year ago;
- Looking ahead, cargo heads surveyed in January 2014 remain broadly optimistic, expecting traffic growth to increase and yields to remain stable.
View full report (pdf)
