Global freight traffic was up 1.2% in July year-on-year, "showing a continuation of the modest improvement trend experienced in June" , said the International Air Transport Association (IATA) in its latest report. July was slightly better than the 0.9% year-on-year increase recorded in June, as growth in Europe and the Middle East offset weakness in Asia. As a result of the … [Read more...]
GET AHEAD OF THE GAME, BOOK AIR FREIGHT SHIPMENTS THIS SUMMER
CORRECTION TO NEWSLETTER JULY 18, 2013: SAVINGS OF UP TO 50% ON CERTAIN LANES and ROUTINGS GET AHEAD OF THE GAME, BOOK AIR FREIGHT SHIPMENTS THIS SUMMER This summer, like many summers in the past, airlines will roll out more flights to meet passenger demand all over the world. This increase in flights also means that airlines will now need to maximize the space on … [Read more...]
SES: Single European Sky
IATA (International Air Transport Association) hosted the European Commission (EC) regarding Single European Sky (SES). The EC offered proposals in response to the failure of European states to make progress toward the SES. The EC proposals include several elements: The designation of an independent Performance Review Body, The unbundling of support … [Read more...]
IATA upgraded global outlook for the airline industry
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...]