Airfreight demand expected to weaken through Q2
Weak ecommerce demand has seen cancellations of airline block space agreements and charters, particularly to the ...
Sagging economic growth in China is having an adverse knock-on effect on its air cargo exports and imports – but this is partially offset by the buoyancy of cross-border e-commerce, senior market players told The Loadstar.
Cargolux CEO Richard Forson alluded to two ‘slowdowns’ in play: a stalling internal Chinese economy, which is impacting imports; and the global economic downturn, which reduces demand for Chinese exports.
“Both were noticeable since the end of spring of 2022 and their combination led to a ...
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