Enabling global trade
In 2014, airlines transported 51.3 million metric tons of goods, representing more than 35% of global trade by value but less than 1% of world trade by volume. That is equivalent to $6.8 trillion worth of goods annually, or $18.6 billion worth of goods every day.
On average, cargo business generates 9% of airline revenues
, representing more than twice the revenues from the first class segment.
To support this critical business, IATA is committed to deliver enhanced value for the industry by driving a safe, secure, profitable and sustainable air cargo supply chain.
The 10 Industry Priorities
IATA develops global standards and tools, offers financial services and industry solutions, drives transformation projects, creates partnerships, and runs campaigns, advocacy and outreach activities. Shaped by the IATA Cargo Committee, our IATA Cargo Strategy (pdf) addresses the ten following industry key priorities:
- Enhancing safety
- Improving security
- Pushing for smarter regulations
- Strenghtening the value proposition of air cargo
- Driving efficiency through global standards
- Modernizing air cargo
- Improving quality
- Protecting cash
- Strenghtening partnerships
- Building sustainability
World Cargo Symposium
Reflecting the need for cross-industry collaboration, the World Cargo Symposium (WCS), has evolved to become a major industry decision-making platform. This event also serves to raise the profile of air cargo with governments as a strategic partner, helping to ensure that cargo has the regulatory environment and infrastructure needed to successfully drive growth.
The Global Air Cargo Advisory Group
The industry is focused on developing partnerships to strengthen air cargo. The Global Air Cargo Advisory Group (GACAG) comprises the International Federation of Freight Forwarders Associations (FIATA); The International Air Cargo Association (TIACA); the Global Shippers Forum (GSF); and IATA. Their work is focused on the priority areas of e-commerce, customs and trade facilitation, security, and sustainability.