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Bright spot in the sky: Amid turbulence, cargo checks in as the new passenger for grounded airlines

With passenger traffic shut down, cargo capacity has taken a hit, as more than half of air-cargo volume is carried in the bellies of passenger planes. This has resulted in a sharp spike in charter and freight rates, throwing open a window of opportunity for airliners with passenger-only fleets to stay afloat in turbulent times. And they have grabbed it.
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rejijohn
7 Apr 2020 8 Mins Read 1 comments
Medical supplies get loaded onto an Airbus A330 of Lufthansa in Shanghai; image credit: Lufthansa Cargo.
Medical supplies get loaded onto an Airbus A330 of Lufthansa in Shanghai; image credit: Lufthansa Cargo.
The Covid-19 pandemic is rapidly choking off the life of the world economy. As the deadly virus that first surfaced in China continues its rampage across the globe, leaving disaster and crippling businesses along its path, aviation has been one of the worst-hit sectors. The International Air Transport Association (Iata) estimates that airlines worldwide could lose USD252 billion
an extremely challenging environment. While Covid-19 has revealed some real weaknesses in the global health supply chain, it has also turned the spotlight on air cargo — a grossly underappreciated link. Reji John is the editor of The STAT Trade Times, a business-to-business airfreight publication from STAT Media Group, a transport and logistics trade-media group.
The Covid-19 pandemic is rapidly choking off the life of the world economy. As the deadly virus that first surfaced in China continues its rampage across the globe, leaving disaster and crippling businesses along its path, aviation has been one of the worst-hit sectors. The International Air Transport Association (Iata) estimates that airlines worldwide could lose USD252 billion an extremely challenging environment. While Covid-19 has revealed some real weaknesses in the global health supply chain, it has also turned the spotlight on air cargo — a grossly underappreciated link. Reji John is the editor of The STAT Trade Times, a business-to-business airfreight publication from STAT Media Group, a transport and logistics trade-media group.

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