The International Air Transport Association (IATA) called for continued transformation in the air cargo industry with a focus on raising the quality of its offering at the opening of the 10th annual World Cargo Symposium (WCS) in Berlin.
The global air cargo sector continues to face a difficult business environment. The anemic growth experienced since 2010 continued in 2015 with a 1.9% expansion of volumes. And yields have contracted each year since 2012. IATA estimates that volume growth will increase to 3.0% in 2016. Under pressure from integrators, competing modes of transport (land and sea) and increased cargo capacity in the passenger fleet, yields are expected to fall a further 5.5% in 2016.
Click here for the full speech by Tony Tyler…