IATA Cargo Chartbook - Q2 2015

IATA is pleased to send the latest quarterly Cargo Market Analysis. Key points:     After a very volatile first quarter, so far in Q2 air cargo markets appear to be back down to end-2014 levels 2014 was a comeback year for air cargo, freight tonnes carried by air grew 4.5% outpacing world trade growth of 3.0% The economic cycle and world trade continue their upturn, with world trade expected to grow 3.7% in 2015 Stronger growth in advanced economies and air freighted commodities leave room for cautious optimism later in 2015 However, so far this year world trade and FTKs have stopped growing, partly due to the build-up in inventories  Capacity challenges persists, for every 1 tonne of new freighter hull capacity 3 tonnes will be added by pax aircraft Cargo-only services are more sensitive to fuel price changes but on avg earned a premium of 10% over belly in 2014 Yield performance has varied significantly by trade lane, direction and service type and lower ocean container rates point to increasing competitive pressures However, the steep fall in jet fuel costs is helping boost cargo profitability this year     View full report (pdf)