Annual growth in air freight tonne kilometres (FTKs) remained robust in the three months ended April 2017, with airline heads of cargo increasingly positive about the outlook for the year ahead.
This performance continues to be set against a stronger global economic and trade backdrop. A combination of rising cargo yields and recent falls in fuel prices is lowering the breakeven load factor. With achieved loads continuing to recover, and freighter utilisation increasing, profit margins are widening.
When surveyed in early-April, airline heads of cargo were increasingly confident about the demand outlook over the year ahead.
Moreover, respondents were also notably more positive about the outlook for yields; the weighted score jumped above the 50-mark for the first time in nearly three years.
For more, download the full IATA Cargo Chartbook for Q2 2017.
