IATA Revises its 2013 Air Cargo Outlook

Projection for global industry drops from $12.7 to $11.7 billion due to slow growth

The International Air Transport Association (IATA) revised its 2013 global industry forecast downwards to $11.7 billion this past week, down from its previous projection of $12.7 billion back in June.

While performance continued to improve in the second quarter, the IATA cited the impact on demand of the oil price spike associated with the Syrian crisis and disappointing growth in several key emerging markets as main reasons for the slower rate of growth than was expected. To read more, click HERE.