Airlines brace for turbulent 2012 setting
Euro crisis, US growth remain wild cards
Almost against all odds, the global airline industry showed surprising robustness in 2011, but the air freight business was a different story.
Global passenger demand was likely to grow by 6.1%, a pace faster than the International Air Transport Association (IATA) had earlier anticipated, while air cargo growth rates started to fall in mid-2011.
By October the air freight sector had contracted by 5% compared to mid-year and the last quarter was no different, with all major routes declining further.
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About the author
- Writer: Boonsong Kositchotethana
- Position: Deputy Editor Business
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