Steve Gunning, chief executive of IAG Cargo, answers:
"THIS big influx of cargo capacity is creating an excess supply and the only relief valve that the air cargo industry has is freighter capacity, because that is the only one it is fully in control of.
“As a result you will see the freighter [business] model coming under more and more pressure - I am not saying get rid of all the freighters because we need them in certain routings and products - but there will be a reduction in freighter capacity.
“There will be a need for more partnerships and collaborations for people to build global networks in an asset-light way. The real issue for the air cargo industry is not volume growth.The real issue is capacity growth that has a depressing effect on yields."
