Neil Dursley

The quick recovery of July’s global IT outage produced no significant ongoing disruption to resurgent air cargo demand, with rates rising for a sixth consecutive month, according to the latest market analysis by Xeneta.  Xeneta #AirCargo #Aviation #Xeneta

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This year’s conversion market activity is expected to be “on a more normal level” compared to 2023, IBA Group has reported. Cargo capacity demand during the pandemic drove conversion activity and this continued last year despite a slump in air cargo demand. Narrowbody conversions make up the majority of growth in the market, said the aviation data, intelligence and advisory company during its recent ‘IBA Insight: How are Freighter Values Performing?’ webinar. But the market could face an oversupply, primarily because of too many 737-800 converted freighter aircraft https://lnkd.in/e8ZCAhGa #AirCargo #AirFreight #SupplyChain #Logistics

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#CargoBreakingNews Cargo revenues likely to dip to US$120 billion: IATA At the Annual General Meeting (AGM) held in Dubai for the first time from June 2 to 4, 2024, International Air Transport Association (IATA) has announced cargo revenues are expected to fall to US$120 billion in 2024 (from US$138 billion in 2023). Both are down sharply from the extraordinary peak of US$210 billion in 2021, but it is above 2019 revenues, which were US$101 billion and an improvement on the previous forecast of US$111 billion (announced in December 2023). 👉Read the full article here: https://lnkd.in/gF4ZBbir

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