IATA: industry “shrinking” by any measure

logistics_group_air_freight.jpgYes, those are storm clouds, and no the airplane doesn’t have a broken nose. It has bloody nose, and so does the entire industry it represents. Air cargo is sick, and so are airlines. International air cargo fell by 13.5% in November, its largest drop since the months just after 9/11, says the International Air Transport Association. Giovanni Bisignani, IATA’s director general, calls the decline “shocking” and says the airline industry is now “shrinking by all measures.”

Some folks forget that air cargo isn’t just a FedEx/UPS thing, but is the way to fill bellies enough to keep planes profitable. For instance, Delta has said that some of its new routes will be nudged into the black because of air cargo, which tends to be very high-value type stuff such as computers or TV sets. Just the other day, Northwest said it wanted to put off a new route to Beijing from Seattle, joining a long list of delayers.

, , , , , , , ,

3 Responses to IATA: industry “shrinking” by any measure

  1. Free Stuff September 13, 2010 at 3:51 am #

    Thanks for your visiting this http://www.hello-free.com/freebies online Free WebSite.

  2. link building October 31, 2010 at 2:12 am #

    Interesting layout on your blog. I really enjoyed reading it and also I will be back to read more in the future.

  3. Buy Links November 12, 2010 at 11:08 am #

    I would like to start my own blog one day. This was a really nice blog that you made here. Keep up the success :P

Leave a Reply