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Air Cargo Conundrum: Demand Plummets but Capacity Disappears Even Faster

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Global air freight demand plunged 27.7 percent in April compared to a year earlier–the sharpest decline ever recorded–the International Air Transport Association (IATA) reported Wednesday. Even with the falloff, there was insufficient capacity to meet demand as a result of the loss of belly cargo operations on passenger aircraft, IATA said, as those airlines continued…

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