Air Cargo Business Faces Long-Term Headwinds
Long-term structural challenges plague air freight industry.
IATA chief economist Brian Pearce suggested the possibility that air cargo yields will continue to decline. (Photo: Chris Pocock)
IATA chief economist Brian Pearce suggested the possibility that air cargo yields will continue to decline. (Photo: Chris Pocock)

More than 1,000 delegates attending the March 11 to 13 IATA World Cargo Symposium in Los Angeles heard a downbeat assessment of prospects for air freight from FedEx chairman and CEO Fred Smith and IATA chief economist Brian Pearce, both of whom talked of long-term structural challenges.