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Home » Airfreight Volume Up Almost 21 Percent in 2010

Airfreight Volume Up Almost 21 Percent in 2010

February 15, 2011
American Shipper

Freight volumes improved 20.6 percent for airlines in 2010, outstripping the 8.9-percent increase in cargo capacity, the International Air Transport Association reported recently.

The freight load factor increased 5.2 percent to 53.8 percent. Passenger traffic rebounded 8.2 percent.

It was a good year compared to the multibillion-dollar losses of 2008 and 2009, but airline profit margins were only 2.7 percent. And airfreight sagged in the second half of 2010.

Airfreight volume was 1-percent higher than the pre-recession levels of early 2008, but volumes fell 5 percent since the peak air shipping time when companies were actively engaged in restocking inventories.

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