Do China's stock market woes really threaten the air freight industry?

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Lufthansa Cargo yesterday warned that the slump in China’s stock market could see further lows in the air cargo industry – already suffering some of the lowest rates since 2009 on Asia-Europe, as capacity outweighs demand. Calling the 20-30% slump in China’s stock market a “medium earthquake”, LC chief Peter Gerber warned that air freight would be the first to suffer. But, notes Cargo Facts succinctly, China’s stock market is also up 75% from a year ago. Has that led to a surge in air freight demand? Not so much. Maybe China’s financial markets and air freight have a looser relationship than Lufthansa Cargo believes…