IATA expects cargo traffic to drop by 20%+
03-29-2020, 12:38 PM
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IATA expects cargo traffic to drop by 20%+
https://www.aircargonews.net/airline...an-15-in-2020/
IATA is projecting that cargo demand could drop by more than 15% in 2020 as a result of the coronavirus outbreak.
IATA global head of cargo Glyn Hughes said that figures set to be released in the coming days show that global demand in freight tonne km terms (FTK) was down by about 10% in February as a result of China going into lockdown as part of efforts to combat the outbreak.
He said the declines are expected to continue in the coming months as other countries implement and extend their own lockdown measures.
By the end of the year, IATA is projecting that this will result in an FTK demand decline of 15%-20%, Hughes said.
IATA global head of cargo Glyn Hughes said that figures set to be released in the coming days show that global demand in freight tonne km terms (FTK) was down by about 10% in February as a result of China going into lockdown as part of efforts to combat the outbreak.
He said the declines are expected to continue in the coming months as other countries implement and extend their own lockdown measures.
By the end of the year, IATA is projecting that this will result in an FTK demand decline of 15%-20%, Hughes said.
03-29-2020, 01:45 PM
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Originally Posted by senecacaptain
LOTS of freight moves as belly cargo on widebodies.... I think the pure freight carriers will be fine for awhile
03-29-2020, 02:59 PM
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Originally Posted by HercDriver130
LOTS of freight moves as belly cargo on widebodies.... I think the pure freight carriers will be fine for awhile
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