How the pandemic shifted how Boeing and airlines think about air cargo
During the pandemic, the air cargo market boomed as prices around the world hit historical highs and more consumers turned to e-commerce giants like Amazon to shop from home. Cargo's share of airline revenue almost quadrupled between 2016 and 2021, going from 11.4% to 40.3% of total revenue. Airplane manufacturer Boeing expects an 80% increase in the air cargo fleet through 2041. But as the economy slows, it raises tough questions about whether those growth rates are sustainable.
Tue, Oct 4 20227:59 AM EDT