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
The View from the New “Single Window”
The single window, officially known as the "International Trade Data System," operates via the Customs and Border Protection (CBP) agency's Automated Commercial Environment (ACE) platform, and serves as a single point of contact for all trade filings.
Download Today!
From the March 2017 Issue
WMS vendors are stepping up to the plate and developing functionalities and solutions that meet the complex needs of today’s companies. Our top analysts take a peek into these developments and discuss the DC of the future and the software that will support it.
5 Supply Chain Trends Happening Now
2017 Warehouse/DC Equipment Survey: Investment up as service pressures rise
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2017 Trucking Regulations & Infrastructure Update
In this session our panel brings shippers up to date on the state of transportation regulations. Discussion will revolve around regulatory reform, aspects of the federal highway bill and what the transportation landscape looks like in the early days of the Trump administration.
Register Today!
EDITORS' PICKS
LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...

2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...
Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...