South America will benefit as air cargo traffic diverts from the transpacific
South America is set to be a main attraction amid capacity cuts on the transpacific, ...
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By Alex Lennane
2019 is not going to go down in history as a year anyone in air freight will particularly want to remember.
It started with some optimism – IATA forecasting 3.7% growth; although after a flat November 2018, it did acknowledge that “downside risks are mounting”.
The optimism didn’t last. In March, IATA downgraded its forecast to 2% – and in June it reassessed, suggesting 0% was more likely.
In fact, however, even 0% turned out to be wildly optimistic; it looks as if ...
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