Saturday, 30 May 2009

Is it a bird? Is it a plane?

A frequent correspondant pointed me in the direction of the recent IATA air passenger and freight statistics. They give a useful counterpoint to the Baltic Dry Index. Freight first:
You can probably guess what Passenger looks like, given BA's results:

My guess is that the freight index is a more useful guide to global trade than Baltic dry, simply because it reacts faster, and is not as badly distorted by the lag of fresh capacity coming on line.

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