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It’s been a long time since there has been such a positive article on air freight volumes. But here it is: Cargo Facts’ quarterly analysis of traffic results shows that March was a significant month in some places, and far from disastrous in others.

The biggest news is from Cathay, which has long been struggling with depressed demand. But the carrier saw March traffic rise 19.3%, and had an overall first-quarter gain of 7.6%. As it is something of a bellwether ...

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