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Air Cargo transports 35% of global trade by value equating to USD 6.8 trillion in goods. However, there has been a dramatic structural change in the demand for air cargo services. Before the Global Financial Crisis air cargo volumes grew at an average of more than 6% per year. Since then growth has averaged barely 1% per year, with on-shoring, trade protectionism, modal shift and commodity evolution being some of the primary contributing factors.
Added to this is the challenge of a rapidly expanding passenger fleet bringing new belly capacity onto the cargo markets But different players are establishing new strategies to deal with these ‘new realities’. This panel looked at what strategies could create the greatest value in the near-to-medium term value in this dynamic business environment.
- Moderator: Carlos Grau Tanner, Director General
- Temel Kotil, CEO, Turkish Airlines
- William J. Flynn, President & CEO, Atlas Air Worldwide Holdings
- Brendan Canavan, President, UPS Airlines
- Bryan Terry, Director Transportation & Logistics, Price waterhouse Coopers (PwC)
- John Luth, Chairman & CEO, Seabury