Online shopping boom keeps air freight profit hopes high

Schiphol Cargo

Global trade tensions and weakened consumer confidence is, apparently, not enough to keep the air freight sector down. Reuters reports that an “explosion” in e-commerce demand has buoyed carriers’ hopes of another bumper year of profitability. Citing IATA, the report claims demand for air cargo capacity will rise 4% this year, with “freight-heavy” carriers like Cathay, Emirates, Lufthansa, and Korean set to be the big winners. Of course, the likes of FedEx and UPS – facing its first strike since 1997 – are also set to be beneficiaries of booming online consumption.