Given current events that include airline shrinkage, shutdowns, mergers and acquisitions along with alarming continuing costs for fuel, OAG says there is hope for long-term growth.
Taking into account current dire trends, OAG Analytical Services, a part of Official Airline Guide, in its third annual Global Air Freight Forecast looks for an annual growth rate of 5.6% by 2011 for air freight after what it terms “a slowdown in the near term.”
"The international air freight market is expected to continue to flourish, with average annual growth of 6.1% during the 10-year forecast period from 2008 to 2017,” predicts Tulinda Larsen, managing director of OAG Analytical Services. “Security and green issues are expected to pull down demand for regional air freight trade to 3.9% average annual growth."
OAG is providing access to 620,000 worldwide cargo schedules through one website at www.oagcargoflights.com. OAG Cargo Flights permits users to combine multiple search criteria based on origin, destination, carrier, date and time. It also offers data on duration of flights, stops and types of aircraft. The information covers cargo-carrying flights from 3,500 cities around the world that are operated by 900 airlines.
In discussing improvements within the redeveloped software, OAG managing director, Mike Navin, points out that customers can, “choose from worldwide direct and connecting cargo scheduling information, view data on wide and narrow-bodied passenger flights and road feeder schedules in an easy-to-use on-line format.”