Online Shopping Boom Keeps Hopes High For Air Freight Profits
An explosion of e-commerce demand is buoying the air freight business, boosting profit at some major airlines despite global trade tensions and underscoring robust consumer confidence.
Air freight demand is expected to rise 4 percent this year, the International Air Transport Association (IATA) said at its annual meeting in Sydney last week.
Top beneficiaries will be freight-heavy carriers like Hong Kong's Cathay Pacific Airways, Dubai's Emirates, Germany's Lufthansa and Korean Air Lines.
The growth in e-commerce is also a boon for parcel firms such as UPS and FedEx as well as second-hand jet traders and an army of pilots known as "freight dogs."
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