Global air cargo demand has seen a dip of 3.3 per cent in January 2020, compared to the same period in 2019 according to International Air Transport Association (IATA) data. IATA’s chief has cautioned, “Tough times are ahead,” as the Coronavirus outbreak has “severely disrupted global supply chains.”
According to Alexandre de Juniac, IATA’s Director General and CEO, January is the tenth consecutive month of y-o-y declines in cargo volumes, though coronavirus hasn’t impacted January’s performance, it is likely to impact the air cargo in the near future.
China’s has strong trade relations with several countries for both import and export. China has locked down several cities because of the coronavirus outbreak.
