Air Cargo: the Difference Between Success and Failure?
F Kupfer, H Meersman, E Onghena, E Van de Voorde, University of Antwerp, BE
This paper provides an overview and analysis of some important trends in the air cargo market, on an aggregated as well as disaggregated level.
During the past 30 years, air cargo has evolved from a by-product to a potential profit centre for airlines. This paper provides an overview of some important trends in the global air cargo market on an aggregated level. Subsequently, an insight into these trends is gained by means of a time series model using co-integration theory and an error correction model. In addition, some business economic aspects of the air cargo market are investigated. By combining several levels of the air cargo market, this paper explains part of the economic rationality behind the air cargo market structure.
Association for European Transport