IATA: Just 34% of airline heads of cargo expect improving trade volumes in next 12 months

IATA, via its 3Q2019 Cargo Chartbook, reported (12-Sep-2019) that after a period of escalation in the trade war, only 34% of respondents of the Jul-2019 Business Confidence Survey expected cargo traffic volumes to increase in the coming twelve months. This led to a strong fall in the weighted score. In parallel, 41% of surveyed airlines' heads of cargo were expecting deteriorating cargo yields in the next twelve months, up from 23% in Apr-2019. Consequently, the weighted score ventured into the area associated with deteriorating aggregate yield outlook for the second time in 2019. [more - original PR]