Salmon fly commercial and airlines reap rewards of air cargo growth
11 Oct 2017 19:25:36
cnbc.com
A small part of the airline business is growing: picky and impatient customers who don't complain about legroom.
Passenger airlines are filling their bellies with more cargo, thanks to e-commerce and demand for perishable goods from asparagus to salmon to roses, and other temperature-sensitive products like medicine, carriers told CNBC.
One factor is that trade is growing globally. The International Monetary Fund on Tuesday said trade volumes would likely expand 4.2 percent in 2017, almost double the growth rate of 2016. Demand for shipping products by air is now bouncing back after declines as ocean freight rates fell in 2015 and 2016.
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