Cargo will remain significant to airlines next year
Aviation News Desk:
Demand for air cargo was more robust than air travel in July, the International Air Transport Association said in a webinar on Wednesday.
Air cargo traffic volume, expressed in terms of tonne km flown, was down only 13.5 per cent year over year in July, compared to a 79.8 per cent year-over-year drop in global passenger traffic in the same month.
“Cargo business is becoming more important, because it is providing a partial offset to the collapse in passenger revenues,” said Brian Pearce, IATA Chief Economist.
“We think for the next year or so, it’s likely to be much more significant – unfortunately, not significant enough to offset the continued weakness,” he added.
