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Mar 13, 2006 (newstodate): Icelandair Cargo is seeing signs of recovery after a year in 2005 with almost stagnating volumes.
-In February, we had a growth in volumes at 13.8 percent and 9.8 percent year-on-year, says Petur J Eiriksson, Icelandair Cargo managing director.
-After the dismal 2005 with only 0,5 percent growth and sharp decline in fresh fish exports to the US, we are now seeing the market bounching back to previous levels.
-The main reasons for increased demand from the US seems to be that they have accepted that in the low dollar environment they have to pay more for imports, but it probably also helps that the Icelandic Krona has depreciated against the USD by some 13 percent since January 1, 2006, he says.
In 2005, the company generated some 36,000 tonnes of air cargo.
-In February, we had a growth in volumes at 13.8 percent and 9.8 percent year-on-year, says Petur J Eiriksson, Icelandair Cargo managing director.
-After the dismal 2005 with only 0,5 percent growth and sharp decline in fresh fish exports to the US, we are now seeing the market bounching back to previous levels.
-The main reasons for increased demand from the US seems to be that they have accepted that in the low dollar environment they have to pay more for imports, but it probably also helps that the Icelandic Krona has depreciated against the USD by some 13 percent since January 1, 2006, he says.
In 2005, the company generated some 36,000 tonnes of air cargo.