The plunge in global air freight demand from the coronavirus pandemic slowed in May as capacity shrank, the International Air Transport Association said June 30, providing a potential boost to the hard-hit jet fuel sector. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Global cargo demand fell 20.3% in May from a year earlier, compared with a 25.6% year-on-year plunge in April, IATA said in a report. Global capacity continued to contract, albeit at a slower pace from April, IATA said. Global capacity shrank by 34.7% year-on-year in May, compared with the 41.6% year-on-year contraction in April, mainly due to a loss of belly cargo on grounded passenger aircraft. “The gap between demand and capacity shows the challenge […]