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AIRFREIGHT RECOVERY CONTINUES : CARGO SHOULD POST ANOTHER SOLID YEAR OF TRAFFIC GROWTH, BUT YIELDS REMAIN SOFT AND NEW COSTS LOOM

Perry Flint

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Abstract

While airline passenger traffic took a blow from SARS and terrorism- related worries in 2003, international freight traffic saw a rise of close to 5.3%, with expectations that 2004 will deliver close to a similar yield. Cargo capacity is expected to be reduced, as passenger growth will not keep up with cargo growth. Yield is expected to rise, which will help carriers deal with high fuel costs as well as anticipated changes in cargo processing due to new security and regulatory measures. Forecasts from a few carriers are included.

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What this paper is about

While airline passenger traffic took a blow from SARS and terrorism- related worries in 2003, international freight traffic saw a rise of close to 5.3%, with expectations that 2004 will deliver close to a similar yield. Cargo capacity is expected to be reduced, as passenger growth will not keep up with cargo growth. Yield is expected to rise, which will help carriers deal with high fuel costs as well as anticipated changes in cargo processing due to new security and regulatory measures. Forecasts from a few carriers are included.

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Available abstract

While airline passenger traffic took a blow from SARS and terrorism- related worries in 2003, international freight traffic saw a rise of close to 5.3%, with expectations that 2004 will deliver close to a similar yield. Cargo capacity is expected to be reduced, as passenger growth will not keep up with cargo growth. Yield is expected to rise, which will help carriers deal with high fuel costs as well as anticipated changes in cargo processing due to new security and regulatory measures. Forecasts from a few carriers are included.

Key concepts: LOOM, Air cargo, Yield (engineering), Terrorism, Business, Aviation, Low-cost carrier, Air traffic control

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AIRFREIGHT RECOVERY CONTINUES : CARGO SHOULD POST ANOTHER SOLID YEAR OF TRAFFIC GROWTH, BUT YIELDS REMAIN SOFT AND NEW COSTS LOOM — Research Paper | ScholarLens