IATA forecasts sharp decline in annual airline cargo revenues
Annual revenues to dip by over $64M in 2023
IATA is expecting a sharp decline in airlines’ annual revenues from cargo this year, reflecting the prevailing market trends of soft demand and capacity increases that are exerting downward pressures on rates. However, the industry body said this week that it significantly upgraded its 2023 outlook on the profitability of carriers’ activity globally, driven by the […]
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