FAA Projects Steady Increase to International Air Cargo
The Federal Aviation Administration projected revenue ton miles (RTMs) to grow 5.7 percent. The forecasts for international cargo RTMs are based on growth in world GDP, adjusted for inflation, the report said. While International cargo RTMs unexpectedly fell 3.6 percent…
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in 2012 "as fallout from the European debt crisis and a slowdown in China’s economic growth slowed worldwide trade," they are projected to grow 1.1 percent in 2013 as global trade growth resumes, said the FAA. International cargo RTMs are forecast to increase an average of 5.7 percent a year from 2013-2033, the agency said. The share of international cargo RTMs flown by all-cargo carriers increased from 49.3 percent in 2000 to 74.7 percent in 2012, the report said. Continuing the trend, the all-cargo share of international RTMs flown is expected to increase to 81 percent by 2033, said the FAA.