Air Freight Market Faces 'Healthy Correction' as Excess Capacity Exits
The global air freight market is undergoing a significant capacity reduction, described by analysts as a 'healthy correction' rather than a crash. This shift is partly driven by major players like Amazon scaling back their dedicated air cargo networks after the pandemic-era boom. Consequently, cargo carriers such as Amerijet are parking aircraft and implementing furloughs in response to the market oversupply. The clear-out primarily affects older, less efficient freighters that were brought into service to meet peak demand. This adjustment is seen as a necessary step towards stabilizing the air cargo sector for the long term.
Official Source: https://theloadstar.com/tl-trashed-the-healthy-amazon-led-correction-hits/
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