Airfreight May Experience Turbulence Through 2010

Against the backdrop of the worst economic crisis in decades, the convergence of weaker demand, lower net yields and higher fuel costs drastically reduced air cargo profitability. Capacity reduction measures only partially offset this decline. Air trade in 2009 is likely to see an amplification of 2008's lows, with negative consequences for the industry through 2010.
Source: Air Cargo World