air cargo volume

Cargo revenues buoy airlines amid $84b loss for 2020

Cargo pallets on the tarmac and the tail of Swiss Air Lines with white cross on it

Airlines stand to lose more than $84 billion this year, driven by a 50% reduction in revenues, but without the boom in cargo business the industry’s predicament would be even worse, the International Air Transport Association (IATA) said Tuesday in an unprecedented description of the financial tsunami crashing over the industry due to the coronavirus pandemic.

Cargo typically is a small portion of the overall industry, especially for passenger-focused airlines, but not this year. Cargo revenues...

https://s29755.pcdn.co/news/cargo-revenues-buoy-airlines-amid-84b-loss-for-2020

No let up in volatility for air cargo market

Boxes being loaded in rear door of plane with red tail.

Trailing data released Tuesday by the International Air Transport Association (IATA) showed total air cargo volume in April plunged 27.7%, year-over year because of the global recession caused by the coronavirus crisis. The airline industry group said it was the sharpest one-month fall in cargo business since it started collecting data in 1990.

The figure is consistent with previous anecdotal accounts from companies and market research. World ACD, which tracks airway bills — essentially the...

https://s29755.pcdn.co/news/no-let-up-in-air-cargo-volatility

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