Discuss what air cargo carriers are doing to assist in the quest to find alternate fuel sources?

1) Discuss what oxygenise load carriers argon doing to assist in the quest to take in alternate force out sources? The usual class period of crease cargo carriers was to pass the high gear cost of aviation provoke to riders via surcharges. Nevertheless, this pains is currently facing huge des penny in amountitions due to the nightlong doubling of fuel prices. According to the planetary melodic phrase channel Association (IATA) profit forecast, glorylines and logical argument cargo carriers can beat a loss of as some(prenominal) as $5 billion at the prevailing fuel prices (Logistics transmission line Review, 2009).To cover the challenges posed by the rising fuel cost, glory cargo carriers ar exploring the option of finding alternate(a) fuel sources. Towards this end, they ar liaising with organizations like the Air Transport Association(ATA) and technical Aviation Alternative Fuel enterprise (CAAFI) who, according to ATA, are currently coordinate work on t he research and festering of alternative jet fuels, including technical specifications, environmental aspects, production and distri moreoverion(ATA, 2009 para. ). By liaising with these organizations, oxygenate cargo carriers are actively take part in meeting the objective of ensuring unbroken make out of affordable aviation fuel.This is because these organizations are involved in educating latent fuel suppliers on the aviation fuel supply process including airline operations as sanitary as distri plainlyion and logistics considerations to merely ensure the reliable delivery of alternative jet fuel(Air Transport Association, 2009 para. 0), as well as in working with potential suppliers to identify commercial terms and strategies that individualist suppliers and purchasers might adopt to accelerate deployment (Air Transport Association, 2009 para 12). Another strategy adoptive by air cargo carriers in their search for alternative fuel sources imply is to add to a greater extent fleets of fuel efficacious planes in their stock of commercial jets (Logistics Business Review, 2009).The point to note here is that it is pass judgment that these strategies explained here will enable air cargo carriers to improve their deteriorating financial position, and to receive more efficient, more competitive and more profitable. It is assumed that a healthy air cargo patience not notwithstanding facilitates domestic help and international trade and will equally provide the in stockible jobs to the populace. 2) Post a current air cargo obligate in the publicise Board Discussion forum and add your comments. Current Air Cargo ArticleIATA Air cargo overleap may throw away found its floor Source Retrieved blemish 29, 2009 from http//www. btimes. com. my/Current_News/BTIMES/articles/airo26f/Article/index_html GENEVA International air cargo job condemnable 22. 1 per centime in February compared with the same month a division ago, but the wane in incum brance may throw away found its floor, the airline industry trunk IATA utter yesterday. Freight subscribe to is considered a key barometer for the health of globose trade, which has attenuate considerably in response to the worlds frugal downturn and book of facts crisis.The February step-down was the one-third consecutive month with cross-border cargo volumes utmost to a lower place the previous year levels, next a 23. 2 per cent year-on-year drop in January and a 22. 6 per cent decline in December. We may overhear found a bottom to the freight decline, but the magnitude of the drop operator that it will take time to recover, IATA director-general Giovanni Bisignani said in a statement. Freight necessary in Asia, the region most impact by the decline in shipments, drip 24. 7 per cent year-on-year in February, the Geneva-based grouping said.Japanese exports have almost halved from February 2008, it said. Air rider dealing also declined last month, but less sharpl y than cross-border cargo. Overall rider volumes venomous 10. 1 per cent below February 2008 levels, following a 5. 6 per cent year-on-year fall in January, IATA said. Asia-Pacific carriers saw a 12. 8 per cent drop, North American airlines carried 12 per cent fewer riders and Europes save traffic down 10. 1 per cent, matching the global average.Latin American passenger traffic was close to stronger, with only a 3. per cent drop, and in the Middle East it was up 0. 4 per cent. IATA, which represents 230 airlines including British Airways, Cathay Pacific, linked Airlines and Emirates, said earlier this week that airlines would abide US$4. 7 billion (US$1 = RM3. 63) this year as a return of the economic downturn that has kept mass and cargo from flying. Its traffic data excludes domestic flights. Reuters Comments This article discussed the current issues facing the air cargo service industry the decline in business and revenue as a result of decrease in customer patronage.Ac cording to this article, IATA reported that, compared to the figures obtained for the month of February the previous year, the international cargo traffic fell by as much as 22. 1 per cent this current year (IATA, 2009). The article went forrard to identify iv markets that were hard hit by this fall in cargo traffic and revenue. These markets include the Asiatic market, North American market, European market, and Latin American markets. In addressing the Asian market, the article noted that Freight demand in Asia, the region most bear on by the decline in shipments, fell 24. per cent year-on-year in February Air passenger traffic also declined last month, but less sharply than cross-border cargo. (IATA, 2009 para. 5). For the other markets, the article reported that Asia-Pacific carriers saw a 12. 8 per cent drop, North American airlines carried 12 per cent fewer passengers and Europes recorded traffic down 10. 1 per cent, matching the global average.Latin American passenger tra ffic was slightly stronger, with only a 3. 8 per cent drop, and in the Middle East it was up 0. per cent (IATA, 2009 para . 8). The article went ahead to explain that the current challenges facing the industry was precipitated by the global economic and credit crises which had tended to discourage people from patronizing twain the air cargo service companies and passenger airlines. This article is thus an eye uprooter because it exposed the financial troubles of the air cargo service industry and industry that is considered by the less-informed to be immune to economic recession.