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IATA seeks to put air cargo centre stage

The U-Freight Group, which has a strong presence in the expedited international airfreight business, notes a very interesting interview that Air Cargo Week conducted recently with Willie Walsh, direct general of IATA.

In the article, Mr Walsh offers his opinions on the background to air cargo within the aviation sector and makes some predictions about its future.

Concurring that while the airfreight industry transports over USDS6.4 trillion worth of goods, 35% of world trade by value, it has often been a neglected part of the aviation sector, with the more glamorous world of passenger travel taking centre stage.

“I think that’s probably a fair assessment. I think airlines traditional were primarily passenger focused, having seen cargo as a subsidiary activity,” Mr Walsh told Air Cargo Week.

“If you look back at the 10 year period from 2009-19, a time without too much disruption, cargo revenues represented about 12% of the overall amount taken by the industry. Some people dismissed this as small but, when you consider the net margin during that period was just under 4%, that share was critical” he explained.

To read the article in full, click here:

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