Asian airlines see slowing cargo growth

: Latest News; Wednesday, 22 December 2010

Airlines in Asia now expect cargo demand to slow because European economies remain depressed and topped-up US inventories are curbing shipments of electronics and luxury goods.

Korean Air Lines, the world's largest international cargo carrier, said demand will fall because of rising stockpiles of liquid-crystal display televisions, computers and MP3 players.

Singapore Airlines also says yields will moderate.

"The easy money has been made for cargo operators," said an analyst at UOB-Kay Hian Research. "Growth for cargo in the first two quarters of next year is going to be unremarkable."

Asian airlines see slowing cargo growth

Latest News

Wednesday, 22 December 2010

Airlines in Asia now expect cargo demand to slow because European economies remain depressed and topped-up US inventories are curbing shipments of electronics and luxury goods.

Korean Air Lines, the world's largest international cargo carrier, said demand will fall because of rising stockpiles of liquid-crystal display televisions, computers and MP3 players.

Singapore Airlines also says yields will moderate.

"The easy money has been made for cargo operators," said an analyst at UOB-Kay Hian Research. "Growth for cargo in the first two quarters of next year is going to be unremarkable."