A sudden ‘slump in demand’ and deceleration owing to inflation, lower consumer confidence, business activity, and other geopolitical reasons has put the cargo markets under pressure. With a busy holiday season looming, amidst weakened demand and with the US government and private sector pulling out all the stops, will air cargo fortunes stay the course?
Shah pointed out four factors that air cargo industry professionals should pay attention to: demand in 2023, appetite for freighters, belly capacity return and how yields will react.
