• DATVF.ATLPHL
    1.814
    0.044
    2.5%
  • DATVF.CHIATL
    2.034
    0.018
    0.9%
  • DATVF.DALLAX
    0.921
    0.071
    8.4%
  • DATVF.LAXDAL
    1.502
    -0.092
    -5.8%
  • DATVF.SEALAX
    0.962
    -0.053
    -5.2%
  • DATVF.PHLCHI
    1.091
    -0.038
    -3.4%
  • DATVF.LAXSEA
    2.146
    -0.004
    -0.2%
  • DATVF.VEU
    1.647
    0.009
    0.5%
  • DATVF.VNU
    1.471
    -0.010
    -0.7%
  • DATVF.VSU
    1.211
    -0.011
    -0.9%
  • DATVF.VWU
    1.554
    -0.028
    -1.8%
  • ITVI.USA
    9,682.710
    -15.240
    -0.2%
  • OTRI.USA
    7.700
    -0.010
    -0.1%
  • OTVI.USA
    9,671.310
    -19.300
    -0.2%
  • TLT.USA
    2.730
    0.010
    0.4%
  • WAIT.USA
    156.000
    -2.000
    -1.3%
  • DATVF.ATLPHL
    1.814
    0.044
    2.5%
  • DATVF.CHIATL
    2.034
    0.018
    0.9%
  • DATVF.DALLAX
    0.921
    0.071
    8.4%
  • DATVF.LAXDAL
    1.502
    -0.092
    -5.8%
  • DATVF.SEALAX
    0.962
    -0.053
    -5.2%
  • DATVF.PHLCHI
    1.091
    -0.038
    -3.4%
  • DATVF.LAXSEA
    2.146
    -0.004
    -0.2%
  • DATVF.VEU
    1.647
    0.009
    0.5%
  • DATVF.VNU
    1.471
    -0.010
    -0.7%
  • DATVF.VSU
    1.211
    -0.011
    -0.9%
  • DATVF.VWU
    1.554
    -0.028
    -1.8%
  • ITVI.USA
    9,682.710
    -15.240
    -0.2%
  • OTRI.USA
    7.700
    -0.010
    -0.1%
  • OTVI.USA
    9,671.310
    -19.300
    -0.2%
  • TLT.USA
    2.730
    0.010
    0.4%
  • WAIT.USA
    156.000
    -2.000
    -1.3%
American Shipper

Airlines: Freight growth a “disappointment”

Airlines: Freight growth a “disappointment”

Airlines: Freight growth a “disappointment”

The International Air Transport Association said freight traffic growth was sluggish through the first 11 months of 2007.

   International freight was up 3.5 percent in November, compared to an average of 3.9 percent in January-November, and below the 4.8 percent recorded over the same period in 2006.

   Meanwhile, international passenger traffic grew 9.3 percent in November, the fastest growth rate in 18 months, and faster than the average 7.5 percent in the first 11 months of the year.

   “It’s a mixed picture,” said Giovanni Bisignani, IATA’s director general and chief executive officer. “The global economy ended 2007 on a surprisingly strong note. The November surge in passenger demand has been critical in combating high oil prices and helping airlines end 2007 with an industry profit of $5.6 billion — the first since 2000. But against a backdrop of robust world trade, sluggish freight growth continued to be a disappointment.

   “We ring in 2008 with a warning bell. Passenger demand growth is expected to fall to 5.0 percent. And the expected increase in freight demand growth to 4.3 percent will only help us recover some of the ground lost against sea shipping.

   “High oil prices and the impact of the credit crunch will see industry profitability slip to $5 billion in 2008. Since 2001 efficiency gains have been impressive: 64 percent improvement in labor productivity, 25 percent reduction in sales and marketing unit costs and a 16 percent decrease in non-fuel unit costs. The challenge for 2008 will be much more of the same — efficiency everywhere,” Bisignani said.

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