AIR CARGO traffic on European routes exceeded the world average growth rate of 12% in 1994, in spite of some economic uncertainty, according to David Pierce, Boeing Commercial Airplane Group regional director of marketing.
Trends in air cargo tend to indicate wider economic movement, says Pierce. He adds that the strong growth in Europe provides a key indicator to economic recovery.
"Trade with Asia, is a major factor in Europe's traffic growth and improved yields on the North Atlantic routes, stimulated carriers to add more service," he says, citing a 13.2% increase in traffic volume, between Europe and Asia and 13.5%, between Europe and North America compared to the previous 12 months.
A factor behind the improved cargo performance is declining passenger yields, which have forced airlines to seek additional cargo revenues. Another is the success of the international express market.
Source: Flight International
