(Alex Lennane – The Loadstar)
IATA has downgraded its projected growth figures for air cargo by nearly half, following a poor start to the year. The association now predicts growth of just 2% for 2019, down from 3.7%, while others are even more pessimistic.
One senior analyst told The Loadstar he thought growth would more likely be flat or 1%, while a chief executive believed the industry would “be lucky to reach 2%”.
Brian Pearce, chief economist for IATA, said: “Two percent is quite a significant downgrade from what we were thinking in December. Click here to read more.