IATA: a more robust end to 2020 for air cargo

© Oleg Chumakov

IATA has released its figures from 2020 for air cargo, which came with a miserable headline, which utterly failed to reflect the realities of the year for cargo carriers.

“2020 worst year for air cargo demand since performance monitoring began in 1990,” it said.

That may well be true, but capacity shrank even more, and prices were, as we all know, pretty healthy indeed for carriers. Does year-on-year demand matter much if there’s no capacity and rates are already high? Probably not. ...