Worldwide demand for airfreight should expand by 4.5 percent in 2015, according to the International Air Transport Association (IATA), besting the expected rise in world trade by one-half percent. However, IATA CEO, Tony Tyler, cautioned that, while he is optimistic, other factors such as political risk and macro-economics could impact trade flow. IATA released strong […]
Qantas Freight announced this week that it will no longer accept lithium metal batteries for carriage on passenger aircraft. In a statement head of global sales Nick McGlynn said effective immediately Qantas Freight and appointed handling agents will no longer accept UN3090 Packing Instruction 968-1A, 1B and Section 2 lithium metal batteries for carriage on any […]
Air cargo growth accelerated in May, with 4.7 percent growth compared to a year ago, according to data from the International Air Transport Association (IATA). This is up from the 3.8 percent year-over-year growth recorded in April. Cargo volumes, measured by freight tonne kilometres (FTKs), were up across all regions. The acceleration of growth reflects […]
Shippers declarations are now required for all products containing Lithium Batteries and may be subject to a dangerous goods fee.
According to the International Air Transport Association (IATA), cargo demand remains largely stagnant. Airlines are expected to have carried 51.6 million tonnes of cargo in 2013, a figure likely to increase to 52.5 million tonnes in 2014. This modest increase in demand is expected to be offset by a decline in yields (forecast to fall 2.1% […]
The International Air Transport Association (IATA) has announced an upward revision to its industry financial outlook. For 2013 airlines are expected to return a global net profit of US$12.9 billion. This is expected to improve to a net profit of US$19.7 billion in 2014. Both are improvements on the September forecast which anticipated an industry […]
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