News Formal

Aviation industry warns of severe cargo capacity shortage amid coronavirus crisis

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

GENEVA (AFP) - The global aviation industry warned on Tuesday (April 29) of a severe cargo capacity shortfall as airlines around the world slash jobs and suffer plunges in profits due to the coronavirus crisis.. Read more at straitstimes.com.

GENEVA - The global aviation industry warned on Tuesday of a severe cargo capacity shortfall as airlines around the world slash jobs and suffer plunges in profits due to the coronavirus crisis.

"At present, we don't have enough capacity to meet the remaining demand for air cargo," IATA chief executive Alexandre de Juniac said in a statement.He said there had been a doubling of demand for pharmaceutical shipments during the pandemics, but most of the passenger fleet was sitting idle. IATA meanwhile announced that its 76th annual general meeting had been rescheduled to November 23-24 in Amsterdam to rake over the damage and plot the recovery.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GE's coronavirus troubles likely to hit power business, not just aviationQuarantines and lockdowns at large U.S. power plants are threatening to squeeze a multibillion-dollar slice of revenue that General Electric Co ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »