In 2021, as the world began to recover from the Covid-19 pandemic, air cargo traffic boomed, growing nearly 19% that year over depressed year 2020 traffic volumes, bolstered by both e-commerce and severe disruption in containership-supported supply chains.
However, year-on-year air cargo traffic (measured in tonnes enplaned, multiplied by km flown) began to contract in March 2022, due to several factors, including the Russia-Ukraine war, inflation, and China’s “zero-Covid” policy.
Full-year 2022 …
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