Iata sees even bigger cargo business growth in 2014
The International Air Transport Association (Iata) has announced that the airline industry remains on track to deliver a second consecutive year of improved profitability. This is despite a slight downward revision to its industry outlook for 2014 to an industry profit of USD 18.7 billion from the previously forecast USD 19.7 billion.
Cargo demand is showing the biggest improvement. Instead of the previously projected 2.1% growth, it now appears that airfreight is set to increase by 4% in 2014. The yield decline will be moderated from the previously forecast 2.1% fall to a drop of 1.5%. Trading conditions remain challenging, but positive macro-economic trends are providing a much-needed boost.