Cargo Chartbook - Q2 2016
Released 28th July 2016
Key points from the IATA quarterly report on the air freight industry and markets:
- "Brexit" vote is a materialization of a key downside risk, global economic growth is expected to decelerate in 2016.
- Air cargo has continued to outperform global merchandized trade, but growth remains weak.
- Sluggish trade outlook, "Brexit" aftermath and weak demand drivers suggest an impending halt in positive air freight momentum, but after short-term shocks abate strong consumer confidence and low oil prices can reenergize growth.
- Flooding-in of capacity, weak trade, lower yields and rising fuel costs can lead to taking a bite out of cargo profitability.
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