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Cargo revenue in 2010 to be at least equal to 2008 levels: IATA

14-Dec-2010 11:37 AM

IATA forecast (13-Dec-2010) cargo revenue for 2010 will be at least equal to the previous peak in 2008 adding that whilst there may be regional variations, overall yields, for now, will continue to show improvements, although the introduction of new capacity will inevitably impact on yields. According to IATA, volumes will be the key driver of revenue. In terms of profitability in the cargo market, IATA expects a continuation of the trends seen so far in 2010. Margins in 2Q2010, based on US cargo airlines, have almost bounced back to pre-downturn levels. In economic outlook, IATA expects significant differences in the rates of economic growth between and within regions to remain with the focus in Europe on “who next” after Ireland’s “bail out” and in Asia inflation emerging as a problem. [more]