Asia could be a bright spot for air freight despite meager rates

The launch of new consumer electronics could create much-needed demand for air cargo carriers, according to a major bank.
Photo: Frank Hoermann/AP/Ritzau Scanpix
Photo: Frank Hoermann/AP/Ritzau Scanpix

Cargo volumes and rates have taken a downward turn after the coronavirus pandemic and overcapacity threatens air freight carriers. However, consumer electronics from Asia could be a much-needed bright spot for air freight this fall, major bank HSBC predicts in a market update.

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