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Innovation may fuel air cargo recovery
Posted £ºadmin Published time:2012-11-8 22:09:33 Readed£º667

 By Patrick Burnson

As noted in today¡¯s news story, all the major regions experienced year-on-year air cargo declines, but the introduction of new consumer products such as the iPhone 5 could offset some downward pressure from the weak business environment.

To put this ¡°two-speed¡± recovery into perspective, The International Air Transport Association (IATA), drilled down to these details:

*Asia-Pacific carriers saw a 1.6% decline in demand in September compared to the previous year. This is an improvement over August, when demand dropped 5.3% but still no progress compared to a year ago. Capacity dropped 3%.

*North American airlines had a 1.1% drop in demand, against a 3.1% drop in capacity. The load factor climbed 0.7% points to 35.2%.

*European airlines had a 0.4% decline in traffic, but capacity climbed 1.2% and the load factor dropped 0.7% points to 45.6%.

*Middle Eastern carriers had a 16.3% rise in traffic on a 6.9% rise in capacity, pushing up the load factor 3.8% points to 46.1%.

*Latin American airlines¡¯ demand slipped 1.6% while capacity jumped 9%, resulting in a load factor of 37.8%, down 4.1% points.

African carriers saw a 4.1% rise in demand with capacity up 1.4%, raising the load factor 0.6% points to 24.1%, the lowest for any region.

But there may be some positive numbers surfacing in the final months of the year, IATA analysts suggest. They conclude their report by observing that ¡°tough times deliver innovation. High oil prices have turned fuel management into a fine art of conserving every last drop.¡±