News / How some PAX airlines have fallen down in cargo

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Major airlines’ financial results for 2020 have revealed both how they viewed cargo, and how successfully they adapted to the new reality; some were far, far better than others.

A (non-exhaustive) list of major carriers which have reported results shows just two saw cargo revenues fall – in a year in which global rates were, on average, some 75% higher than in 2019, according to the latest data. (Although there were greater gains in some markets, such as China, and far ...