Air Cargo is a US$50 billion business that transports 35% of the value of goods traded internationally and a critical part of the airline business which, as a whole, is the US$490 billion heart of a value chain that supports 32 million jobs and US$3.5 trillion of economic activity. It is an important industry that is critical to global business.
IATA’s job is to improve our industry’s competitiveness. Last year we saved US$5 billion by cutting airport and ANSP charges and improving fuel efficiency. Simplifying the Business is delivering results. E-freight is a reality and our US$28 billion settlement system is the supply chain's financial backbone. CASS is an important part of the settlement system. In the last four years the CASS network grew 60%. It now covers 72 countries, handling almost half the business - US$23 billion with a collection rate of over 99.994%.
IATA Cargo Priorities
Our goal is to bring simplicity and efficiency to the air cargo industry. We aim to achieve this by delivering the following challenging agenda:
IATA Cargo Economic Watch - Q1 2010
Key points:
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The turn of the year saw a strong upturn in cargo volumes and yields;
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However, the strength of demand and relative shortage of capacity varies tremendously by trade lane;
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Volumes and yields have risen strongly out of Asia but are relatively soft on some other markets - a pattern that may persist for some time;
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Capacity has been cut with 160 freighters taken out of service and load factors have been pulled back up to pre-9/11 levels;
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However, freight capacity on passenger aircraft has risen and AFTKs have partly been cut by reducing aircraft utilisation 7%
More information and detailed reports available in the Cargo e-Chartbook