GENEVA: August 03, 2016. IATA says its members increased their June airfreight traffic 4.3 percent compared to the same period last year. However yields continued to decline as capacity rose 4.9 percent.
Demand rose in all regions with the exception of Latin America that saw a 9.8 percent drop year-on-year. The Middle East and Europe posted increases of 8.0 percent and 5.1 percent respectively.
"We cannot read too much into one month's performance. Air cargo markets have been in the doldrums for several years during which there were several false starts on indications for improvement," said IATA director general and CEO Tony Tyler. "We will continue watching developments closely, keeping in mind that the air freight business environment is fragile. Global economic growth remains sluggish, world trade volumes continue to trend downwards and the industry faces heightened uncertainty in the aftermath of the Brexit vote," he added.
IATA expects its members to earn a record net profit of US$39.4 billion in 2016. It will be only the second year—and the second in a row—in which airlines will make an aggregate return in excess of their cost of capital.
(Pictured: Pemco World Air Services has celebrated its 100th B737-300 conversion with the redelivery of its 16th 300/400 unit for SF Airlines, the air cargo division of SF Express.)
MIAMI: August 03, 2016. Miami airport has hosted its first e-Air Waybill (e-AWB) workshop for nearly 180 shippers, agents and airline executives in a bid to make its air cargo environment paperless.
Representatives from the Miami-Dade Aviation Department, IATA's Cargo Network Services, American Airlines, the Florida Customs Brokers and Freight Forwarders Association, the TSA and Panalpina discussed the benefits of digitizing the air waybill.
"In addition to leading the country in global freight shipments and perishable imports, we want to lead the way in transport innovation as well," said Miami-Dade Aviation director Emilio González. "Launching the e-AWB campaign is the latest way that we are modernizing our cargo operations and simplifying the process for our business partners."