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Date de publication: 23 déc. 2011
Auteur: Y. B.
Noter cette article :
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L'IATA, l'Association internationale du transport aérien a publié son "CARGO E-CHARTBOOK" pour le mois de novembre 2011 et observe une sévère baisse des valeurs des compagnies aériennes en 2011.

Résumé :

The business environment for air cargo has continued to decline in the last quarter of 2011. Although profits so far have not been too bad, the outlook is pessimistic. With competition from declining sea freight rates and flat trade indicators, there is no sign of growth. Declining business confidence will keep downward pressure on volumes and yields.

Points clés :

  • The business environment for air cargo has continued to decline in the last quarter of 2011;
  • Air cargo growth rates started to fall in the middle of 2011, the last quarter has been no different, with all major routes declining further;
  • Banks have started to reign in their lending propensity as lack of debt resolution in the Eurozone continues; as is to be expected, governments made further cuts to expenditures, despite suboptimal growth levels;
  • Although there is no obvious inventory overhang, pessimistic expectations are driving the need for air freight down, with purchasing managers confidence index indicating no growth prospects;
  • Cargo rates have continued their decline in an unsupportive economic climate. Downward pressures on revenues have persisted, with some regions suffering more than others. The revenue outlook looks weak;
  • Jet fuel prices have stayed high over the last several months, despite the weak economic climate;
  • Freighter aircraft are being reduced, but the increase in twin aisle aircrafts in more than offsetting that reduction, keeping cargo capacity high; large deliveries planned for 2012 will exacerbate that condition;
  • With competition from declining sea freight rates and flat trade indicators, there is no sign of growth; lower competitor rates are supporting substitution away air freight, but business expectations are also driving the shift;
  • Although about 50% of airlines are meeting and exceeding their cost of capital, the results are passenger and seasonality driven, as heads of cargo indicate a much less confident outlook.

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