Airline cargo executives expect a rise in freight volumes and yields for the 2009 year, but costs including fuel are rising, the International Air Transport Association (IATA) said this week.
"Since last December, air freight volumes have risen by 10 per cent," IATA said in its latest quarterly Cargo Market Analysis, although part of the upswing came at the expense of yields, which fell by nearly 20 per cent in the first half of the year and international air freight revenues, which dropped 40 per cent compared to levels a year ago.
Air freight totals now appear to have stabilised in the first quarter, and to have improved in the second and third quarters.
Aircargo Asia Pacific
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