Tuesday, 1 April 2014

Interview: Steve Gunning, IAG Cargo CEO

Full article in JPG format: page 39 & page 40

IATA's upbeat report on air freight activity in January belied lingering uncertainty about the sector, which has seen years of contraction and sluggish growth since the global financial crisis.

Cargo traffic expanded by 4.5% in the first month of 2014, the industry group said, marking a sharp acceleration of the 1.4% full-year growth recorded in 2013. Just weeks before the update, Tony Tyler, IATA's director general, described air freight markets as the "biggest worry" for the airline industry.

But one month of buoyant traffic does not equate to a decisive turnaround, and freight operators continue to warn that a structural change is taking root across the sector...