Airlines expect stagnant freight volumes

Freight volumes have
contributed little to the airline
industry’s slight increase in
net profit with predictions
that it will now be around
1.8% this year.
According to Tony Tyler,
director general and CEO
of the International Air
Transport Association (Iata),
freight volumes are expected
to be stagnant at around
52.1 million tonnes this year.
“Effectively there has been no
significant growth since 2010
when freight volumes were
50.7 million tonnes. After a
6.3% fall in yields in 2012, we
expect a further contraction
of 2.0% in 2013 as capacity
conditions remain much more
challenging than in passenger
markets.”
He said this had resulted in
many airlines having to find
other streams of revenue in an
effort to remain profitable.