IATA just released the Economic performance of the Airline Industry report. The report outlines how air transport is adding value for consumers, the wider economy, governments, and investors.
According to IATA's release, air cargo has been in the doldrums since 2010. This is mainly the result of the unusual weakness of world trade that is related to a parallel trend of companies "on-shoring" production. Nonetheless, the strongest demand since 2010 is expected with a weaker-than-normal cyclical up turn estimated to produce 3.1% growth. Real freight rates are, however, expected tofall 4.0% this year.
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