Before the volcanic ash plume interrupted progress in April, cargo markets had been rebounding very strongly in the first quarter. But load factors are back to pre-9/11 utilization rates, yields are rising and the threat of capacity surge appears to be diminishing, according to a Q2 report on airfreight from the International Air Transport Association.
Cargo profitability is back to pre-recession levels in the U.S., and the heads of cargo report a high level of confidence. Risks and geographical differences remain, but the overall situation for the air cargo business looks better than it has done for two years.
A detailed breakdown is available free from the IATA website.
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