IATA says sees tentative signs of air cargo recovery
Air cargo markets, an economic bellwether linked to global trade, are beginning to stabilise after a downturn in 2019, the IATA said Thursday. "We are seeing some tentative signs of improvement," said Andrew Matters, deputy chief economist at the global airlines body. IATA is predicting a 2% recovery in global air cargo traffic in 2020 after a 3.3% decline in 2019, driven by a tariff war between the United States and China. The recovery is fragile with risks tilted to the downside, led by the impact of a trade war, Matters said. Air freight typically rebounds strongly in a 'V-shaped' recovery after a downturn, but the predicted 2020 recovery is relatively flat.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-12-13/general/iata-says-sees-tentative-signs-of-air-cargo-recovery
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IATA says sees tentative signs of air cargo recovery
Air cargo markets, an economic bellwether linked to global trade, are beginning to stabilise after a downturn in 2019, the IATA said Thursday. "We are seeing some tentative signs of improvement," said Andrew Matters, deputy chief economist at the global airlines body. IATA is predicting a 2% recovery in global air cargo traffic in 2020 after a 3.3% decline in 2019, driven by a tariff war between the United States and China. The recovery is fragile with risks tilted to the downside, led by the impact of a trade war, Matters said. Air freight typically rebounds strongly in a 'V-shaped' recovery after a downturn, but the predicted 2020 recovery is relatively flat.<br/>
