ABSTRACT

Cargo is defined as freight, mail and express and the International Civil Aviation Organisation (ICAO) financial statistics reporting system for the world's airlines requests that airlines include under 'freight revenue'. Revenues for the carriage of freight, including express and diplomatic bags, after the deduction of applicable discounts and rebates, and interline prorated through-tariffs. It should also include express revenue and revenue from the carriage of diplomatic bags. Where the air carrier's staffs have the privilege of sending personal consignments at reduced rates, such revenue shall be considered as normal freight revenue. It is hard to find a comprehensive database of the rates charged for air freight and mail. Some countries publish indexes of various prices as these are often used in producing more composite consumer price indices. The demand side of Cargo revenue management (CRM) is concerned with pricing and the rate at which bookings are accepted from well in advance to close to the time of departure.