MAR­KET FORE­CAST

Aviation Business - - INTERNATIONAL AIR TRANSPORT ASSOCIATION -

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.

Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.