Air Cargo Growth Forecast
From today's IPA newscast:
{AIR CARGO GROWTH}
Air cargo growth is expected to outpace passenger traffic over
the next 12 years. FAA forecasts that mainline cargo traffic
will increase 5.1% a year and passenger traffic will grow at
an average rate of 4.1%. Most of the domestic cargo growth will
reportedly be in the all-cargo carrier segment, which will see
an average 3.7% annual RTM (revenue ton miles) growth. The new
China routes will drive international RTMs up 6.7% this year
and 6.5% in 2006 and to average 6.3% a year after that. All cargo
carriers will likely see average annual growth of 6.9% The number
of large cargo jets operated by U.S. carriers is forecast to
increase from 974 to 1,032 in the next three years.