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Boeing and Airbus see a return to growth in global cargo traffic
BOEING expects global air cargo traffic to return to growth next year as economies in the US and China begin to stage a recovery, a senior executive at the aerospace giant said yesterday.
Air cargo growth typically leads economic and passenger traffic growth by 3-6 months, Jim Edgar, Boeing’s regional director for cargo marketing, said.
“This year, we’re anticipating a deeper decline and it’ll be the first time in history that we’ll have two years of decline back to back,” Edgar said, referring to worldwide cargo traffic.
Meanwhile, rival Airbus forecast a jump of four per cent or more in global air travel next year. Airbus and Boeing are headed for their worst annual order tally in at least 15 years.