News / Air cargo volumes looking 'less bad', as the market has 'probably bottomed'

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We may have reached the bottom, if analyses by Clive Data Services, Freightos and major banks are correct.

Air cargo volumes, which fell rapidly in March, improved in the second half of last month.

But although April volumes were down 39%, year on year, and capacity was 45% lower, the past fortnight shows cargo volumes have become “less bad”.

March’s year-on-year volume drop was 23%, and month-on-month to April was down 29%. But, as the chart below shows, both volumes and capacity are ...