Air Freight Traffic Volumes Improve, But Rising Costs Mean Profitability Remains Distant

IATA figures show demand continuing to drop, but at slower rate; return to growth predicted for 2010 as International Air Transport Association calls for liberalization of ownership rules

Geneva — September 30, 2009 — Air freight demand in August fell by 9.6 percent against the year-ago figures, but that figure represented an improvement compared to the 11.3 percent drop in July, according to figures released by the International Air Transport Association (IATA) this week.

Compared to August 2008, passenger demand also was down 1.1 percent, an improvement compared to the 2.9 percent decline in July, the IATA reported.