Airfreight players eye new routes as demand on the transpacific nosedives
The sudden fall in demand for airfreight on the transpacific is beginning to trigger capacity ...
© Denis Belitskiy
By Alex Lennane
The air freight results for March are out – and the numbers will surprise few people.
Cargo capacity fell 22.7%, year on year, while cargo tonne km (CTK) dropped 15.2%, according to IATA.
And additional freighter operations (+6.2% in capacity terms) and passenger freighters were not enough to offset the reduction in the passenger fleet, which saw international belly capacity decline by 43.7%.
However, March was a tale of two halves, as the larger impact of Covid-19 hit in the second half of the ...
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