IATA: Cargo capacity contracts sharply despite higher freighter utilization – May 1, 2020

May 1, 2020

IATA: Cargo capacity contracts sharply despite higher freighter utilization

While freighter capacity increased in all trade lanes, especially for the Within Asia market, the increases clearly do not offset the loss in belly capacity, leading to the double-digit decline in total cargo capacity. In turn, this shortage of capacity has caused a spike in air cargo freight rates.

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