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IATA: cargo capacity crunch
Demand plummets but capacity disappears even faster
The International Air Transport Association (IATA) released data for global air freight markets in April showing that demand dropped 27.7% compared to the same period in 2019 - the sharpest fall ever recorded. Still, there was insufficient capacity to meet demand as a result of the loss of belly cargo operations on passenger aircraft.Global demand, measured in cargo tonne kilometers (CTKs), fell by...
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