IATA survey demonstrates renewed confidence

The future appears to be particularly promising in the Asia Pacific market.

By ·

Following its promising forecast made last month, the International Air Transport Association (IATA) is reporting a significant surge in air cargo demand. The future appears to be particularly promising in the Asia Pacific market.

Results from IATA’s quarterly survey conducted this month also indicate a further improvement in airline business confidence, said spokesmen. Survey respondents comprised airline CFOs and cargo executives.

Indeed, nearly 70 percent of respondents reporting improved profitability during the last quarter and a similar number expecting further improvement over the year ahead.

One finding that should come as no surprise: In the Americas and Asia Pacific, two-thirds of those surveyed expect further increases in profits.

While there is regional variation - largely in line with the strength of economic recovery being experienced - the majority of respondents in all regions report improvements during the last quarter and expect either stability or further improvement over the year ahead.

As reported in LM, IATA revised its June forecast for 2010 industry financial performance from a loss of $2.8 billion to a profit of $2.5 billion.

According to IATA researchers, confidence about further improvements in profitability over the twelve months remains high. Some regional variation remains, with Europe being the only region still registering possible profitability decreases - although that the overwhelming majority (80 percent) of European respondents are actually positive on prospects. In the Middle East two thirds of respondents expect ‘no-change’ in profitability indicating a fairly stable outlook.


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

Air Freight · Global Trade · Logistics · All Topics
Latest Whitepaper
B2B Sellers Prefer a Unified Approach for Ecommerce
A new study from Forrester Consulting, commissioned by NetSuite, found that many midmarket, B2B sellers say their ecommerce solutions have contributed to their growth in sales, new customer acquisitions and improved customer relationships.
Download Today!
From the August 2016 Issue
A growing number of low-cost lift trucks offer new avenues for pairing equipment and applications, but less cautious buyers might find that small up-front costs come at a steep price. Selecting the proper lift truck, lift truck tips 2016, Choosing the right Lift Truck
Megatrends in ocean freight
Ocean Cargo Roundtable: What’s in store for 2017?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Getting the most out of your 3PL relationship
Join Evan Armstrong, president of Armstrong & Associates, as he explains how creating a balanced portfolio of "Top 50" global and domestic partners can maximize efficiency and mitigate risk.
Register Today!
EDITORS' PICKS
2016 Quest for Quality: Winners Take the Spotlight
Which carriers, third-party logistics providers and U.S. ports have crossed the service-excellence...
Regional ports concentrate on growth and connectivity
With the Panama Canal expansion complete, ocean cargo gateways in the Caribbean are investing to...

Digital Reality Check
Just how close are we to the ideal digital supply network? Not as close as we might like to think....
Top 25 ports: West Coast continues to dominate
The Panama Canal expansion is set for late June and may soon be attracting more inbound vessel calls...