The air cargo market continues to lose altitude in the face of an overall economic slowdown and supply chain dislocations. Whether swiftly changing conditions enable airlines’ cargo business to swing it back to positive territory this summer is an open question.
Air freight volumes tumbled 8% in May versus 2021, replicating April’s slide, as the Ukraine war, large-scale COVID lockdowns in China, soaring inflation and high interest rates slowed global output and consumption, according to figures...
https://www.freightwaves.com/news/air-cargo-market-fades-8-in-may-faces-summer-of-uncertainty