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Air Cargo Suffers Rapid Descent in March as Capacity Crunch Tightens

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Air cargo saw a severe capacity shortfall in March, according to new data and warnings from an industry group. Global air cargo demand fell 15.2 percent last month compared to March 2019, while global capacity nosedived 22.7 percent, the International Air Transport Association (IATA) said. So-called “belly capacity” for international air cargo shrank 43.7 percent…

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