MARKET FORECAST

According to IATA’s own predictions for 2019, the global cargo market is poised to surpass $116.1bn and will represent more than 13% of airline revenues. Cargo tonnes for the year are expected to reach up to 65.9 million, an increase of the 63.7 million reported in 2018. The association predicts slower demand growth of 3.7%, down from the 4.1% reported the year before, while cargo yields will grow only 2%, a substantial decrease from the 10% yield growth experienced in 2018.