Air Cargo Saw Record Decline in Demand in 2020
A 10.6 percent drop in demand for air cargo accompanied a 23.3 percent fall in capacity, generating higher yields for airlines.
Demand for air cargo took a steep dip in 2020, but yields and load factors improved as carriers like United adjusted capacity to take account of severely diminished passenger traffic. (Photo: United)
Demand for air cargo took a steep dip in 2020, but yields and load factors improved as carriers like United adjusted capacity to take account of severely diminished passenger traffic. (Photo: United)