The outlook for air freight is still healthy, according to the airline association which has published its air cargo stats for the three months ending April. The news has been good for air freight but not perhaps if you are a shipper.
Cargo yields were up 4.5%; freight tonne km up 10.5%; and air freight has gained market share – typically a sign of an improvement in an economic cycle as companies need to re-stock quickly. IATA’s heads of cargo surveys saw the score for the yield prospects rise above 50 for the first time in three years. Load factors are rising although freighter capacity growth is 22% lower than last year.
