04 May Impact of Covid-19 on Air Freight
As the world reels from the outbreak of COVID-19, air freight continues to operate worldwide. With so much attention focused on this industry and its vital role in providing medical equipment and other necessities, logistics companies have been working round the clock to resolve disruptions and circumvent capacity issues. The grounding of a large and growing number of passenger aircraft has led to the loss of a sizeable share of cargo capacity (i.e., “belly” cargo). Meanwhile, freighter aircraft continue to fly but not without some challenges.
In this briefing note we examine the impact on air freight specifically and ask: what is the impact of the capacity reduction on the air cargo market? How will demand recover and what are the long-term consequences?
Download the full article to learn more and to find out read our recommendations for airports, airlines and other cargo companies during these trying times.