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Price Fixing and Anti Competitive Conduct in Air Cargo Operations

  • Ruwantissa Abeyratne
Chapter

Abstract

The International Air Transport Association (IATA) records that 35% of global trade by value can be ascribed to air cargo, and that, in the context of combined passenger and cargo airlines, the cargo business generates 9% of airline revenues on average. According to IATA, the value of international trade shipped by air in 2017 was forecast as amounting to USD 5.5 trillion, representing less than 1% of world trade by volume, but over 35% by value. This turns out to be the equivalent of USD18.6 billion worth of goods every day. Totally dependent on air carriers for the carriage of their goods with speed and efficiency that other modes of trade transport cannot provide are pharmaceutical industries (for the carriage of vaccines and essentially needed pharmaceutical products), producers of perishable goods, live animals, goods needing express delivery, electronic devices and products contracted through e-commerce that necessitate speedy delivery.

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  • Ruwantissa Abeyratne
    • 1
  1. 1.Aviation Strategies InternationalMontrealCanada

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