News / 2023 challenging for air cargo, say industry leaders – but what's next?

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Air cargo industry leaders are agreed that 2023 has been challenging and created uncertainty – but adaptability to market conditions is crucial.

The growth in capacity has contributed to market softness, but that has not stopped Turkish Airlines, for one, from committing to more volume.

“Rates are down 35% and capacity is even higher than 2019 levels, because of the [returning] bellies,” said Turhan Ozen, chief cargo officer. “There are tough market conditions, in terms of rates and volumes.”

Nevertheless, he said, Turkish ...