IATA Air Cargo Outlook 2010

The air charter and air cargo industry continues to recover from the economic global slump of 2009 and early 2010. The price of oil has moved above $85/barrel but remains within a band of $80-$100 and there are indicators that this price is stable. Per the report "US cargo airline margins in Q2 2010 close to those of Q2 2008;elsewhere Q3 data for our sample of airlines shows a sharp rebound; although less optimism about the future still more optimists than pessimists." There are also wide variations between regions with the Middle East and North Africa contributing to a spike in growth.