The volume growth for air cargo business remains largely positive but fewer respondents now expect growth, according to the International Air Transport Association’s (Iata) quarterly survey of airline CFOs and heads of cargo this month.
According to data by Iata, only 45% of respondents now expect gains in the year ahead, compared to the start of 2015 (71%), which was the recent peak of respondents’ optimism for cargo growth.
Expectations have weakened on the back of slower growth in world trade as well as little improvement in global business confidence due to sluggishness in some emerging markets.
Respondents reported seeing a decline in input costs in Q4 compared to a year ago, and that trend is expected to continue in the year ahead, said Iata.
