Turn in Cargo Brightens IATA’s Cautious Outlook
Traffic results for November 2012 released by the International Air Transport Association (IATA) Wednesday showed an improvement in both passenger and air freight demand. Air travel figures rose 4.6 percent for the month year-over-year, compared with October’s rise of just 2.9 percent. Meanwhile, air freight volumes edged up 1.6 percent in November after declining 2.6 percent in October, year to year. Passenger capacity rose 3.2 percent and the average load factor improved one percentage point, to 77.3 percent.
“November brought some positive signs for air transport demand—particularly for air cargo,” said IATA general director Tony Tyler. “It is premature to consider this a turning point for air cargo markets in terms of bouncing back and regaining lost ground. But, when coupled with positive economic developments in the U.S. and an improvement in business confidence in recent months, the conditions are aligning to see a return to growth in 2013. In 2013 we expect that cargo volumes will grow 1.4 percent, and passenger traffic will increase by 4.5 percent worldwide.”