The International Air Transport Association (IATA) upgraded the global outlook for the airline industry. They anticipate a $12.7 billion profit in 2013 and is $2.1 billion better profit than projected in March of this year and an improvement on the $7.6 billion profit generated in 2012. Though margins remain weak, the net profit margin is expected to be 1.8%. Even with this … [Read more...]
Air Freight Shows Modest Growth for April 2013
IATA (International Air Transport Association) released the information for April air freight. April showed modest growth of 1.4% compared to April 2012. This small improvement may be an indication that economic conditions may be starting to improve. This small increase helped to offset the 2.6% decline recorded in March compared to the year-ago period. And it continues an … [Read more...]
IATA: March Air Freight weakens
The International Air Transport Association (IATA) released data for March Air Cargo. They report a 2.3% decline in Freight Tonne Kilometers (FTKs) in March compared to March 2012. The US air cargo posted a 5.2% drop in demand while Europe posted a 4% drop in demand. “The March decline in air cargo is most likely a temporary stall. The fundamentals for a sustained … [Read more...]
IATA Addresses Priorities for Air Cargo
The International Air Transportation Association has advised everyone in the Air Cargo supply chain that we need to work together to increase competitiveness. IATA stressed upon safety, security and sustainability for Air Cargo's future success and growth. We will continue to modernize our processes, strategize to secure the supply chain, and enforce regulations to maintain the … [Read more...]
Lambert-St. Louis (STL) International Airport Makes Push For More Air Cargo
Lambert-St. Louis (STL) International Airport Makes Push For More Air Cargo. In a move that looks to strengthen not only the Lambert-St Louis (STL) International Airport but also the freight forwarder community in the Midwest; the state senators in Missouri have come together to support a bill that will give incentives to the freight forwarders in the area. State senators … [Read more...]