Cargo Chartbook - Q1 2016
Released 15th March 2016
Key points from the IATA quarterly report on the air freight industry and markets:
- Global growth continued to perform below its potential - "new mediocre" growth is now the new reality.
- Growth in FTKs had positive momentum since 2H2015 and into January of 2016 but subdued expectations on export orders and poor performance of semi-conductor shipments point to downward pressure for air cargo growth in the short term.
- In the medium term, strong consumer confidence and lagged impact of lower oil prices leave room for cautious optimism.
- Lower oil prices have brought freighter capacity out of storage, which can put further downward pressure on yields
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