Air cargo ready for next wave of growth: TIACA

The only word that can be used to describe the current state of the air cargo industry is turbulent, says Glyn Hughes, Director General, TIACA. “Cargo volumes and capacity is fluctuating as consumerism and manufacturing is fluctuating. The rising cost of energy, food prices and raw materials are having an impact on household finances and production costs. This reinforces the view that the short-term outlook is challenging,” he added. The air cargo industry has shown its resilience and flexibility these past two years. “I think that innovative spirit will facilitate maximum benefit when market conditions improve. Preparations for the next wave of growth are already well underway with companies continuing to invest in technology and main deck cargo capacity across the spectrum with production and conversion orders remaining strong,” Hughes added.