Global air freight demand in April recorded its steepest drop ever as capacity crunch continued to plague the international cargo market due to coronavirus-related travel restrictions, the International Air Transport Association said in a new report June 3. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Global air freight demand plunged 27.7% year on year in April, while capacity plummeted by 42% due to the loss of belly-cargo operations on passenger aircraft, the association said. “There is a severe capacity crunch in air cargo,” said Alexandre de Juniac, IATA’s CEO, in a statement. “The result is damaging global supply chains with longer shipping times and higher costs. Airlines are deploying as much capacity as possible, including special charter operations and the temporary use of […]