Air Cargo: The Difference Between Success and Failure?
Researchers from the University of Antwerp have recently published an interesting article about the difference between success and failure in air cargo.
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.
KEYWORDS:
Air cargo, market trends, time series modelling, cargo airlines
