ATA Reports Sharp Decline in Air Cargo
The Airport Transportation of America (ATA) reports a sharp decline in international air cargo with volumes decreasing 20 percent in May compared to the same month in 2008. The report measures the decrease in revenue ton miles and is the 10th straight month of declining air cargo volumes.
According to the article, airline passenger volumes didn’t fare very well either.
Related Posts:The Air Transport Association of America (ATA), the industry trade organization for the leading U.S. airlines, today reported that passenger revenue[1] fell 26 percent in June 2009 versus the same month in 2008 – the eighth consecutive month in which passenger revenue has fallen from the prior year.
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Attached is an updated ATA volumes for end of 2010 for cargo released Feb 23,2010:
“U.S. airlines saw cargo traffic, as measured in cargo revenue ton miles, rise 17 percent year over year (12 percent domestically and 23 percent internationally) in December 2009, driven primarily by increased international trade. January 2010 cargo data is not yet available.
For the full year 2009, cargo traffic declined 11 percent compared to 2008. The decline in cargo traffic from 2008 to 2009 was the largest on record, eclipsing the decline observed from 2000 to 2001.
“The modest uptick in passenger revenue and the solid increase in cargo volumes are promising signs that air-transport demand may be at the beginning of a long-awaited recovery,” said ATA President and CEO James C. May.”