IATA Cargo

Simplifying the Business of Air Cargo

Welcome to IATA Cargo!

Air Cargo is a US$50 billion business that transports 35% of the value of goods traded internationally and a critical part of the airline business which, as a whole, is the US$490 billion heart of a value chain that supports 32 million jobs and US$3.5 trillion of economic activity. It is an important industry that is critical to global business.

 

IATA’s job is to improve our industry’s competitiveness. Last year we saved US$5 billion by cutting airport and ANSP charges and improving fuel efficiency. Simplifying the Business is delivering results. E-freight is a reality and our US$310 billion settlement system is the industry’s financial backbone. CASS is an important part of the settlement system. In the last four years the CASS network grew 60%. It now covers 72 countries, handling almost half the business - US$23 billion with a collection rate of over 99.994%. 

 

IATA Cargo Priorities

 

Our goal is to bring simplicity and efficiency to the air cargo industry. We aim to achieve this by delivering the following challenging agenda:

IATA Cargo Economic Watch - Q2 2009 

 

Key points:

  • Cargo volumes may be stabilising, but excess capacity caused a 17% slump in yields in the first quarter.
  • Jet fuel prices are 60% lower than a year ago and little higher than the start of the year, but crude oil prices are already $20/b up so far this year.
  • Freighter fleet reduced by 99 aircraft so far this year but widebody capacity is up, as older aircraft are no longer being parked.
  • Most of the strain of 20% loss of volumes is being taken by a 7% point fall in freight load factors.
  • Bulk commodity rates anticipate recovery but ocean container rates were down 39% in February.
  • Container demand slumped in 2009 Q1, but 15% falls are less than air freight as ocean shipping gains market share.
  • Cargo profitability has been under extreme pressure from collapsing volumes and yields in the past six months.

More information and detailed reports available in the Cargo e-Chartbook 

Strategic Partnerships

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