By Vincent Valery
July 8, 2019, © Leeham News: It has been said that the collapse of freight volumes in the second half of 2008 preceded the sharp drop in passenger traffic. Cargo also allegedly led the passenger recovery in the second half of 2009. We will verify with IATA data whether the data backs such claim.
We will also check whether cargo volumes still have as much predictive power in the post Great Recession world. The current context of increasing trade tensions and signs of economic slowdown make this analysis relevant. We will ponder whether the next global recession is around the corner.