Inflation, Supply-Chain Issues and Covid in China to Hit Airfreight Demand, Cathay Warns
- Peak period unlikely to be as busy as last year, airline says
- Freight has been bright spot for airlines bereft of passengers
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Cathay Pacific Airways Ltd., one of the world’s biggest airfreight operators, warned that inflation, supply-chain snags and Covid restrictions in China could lead to weaker cargo demand in this year’s peak season.
“Inflation is having an impact on some areas of consumer demand, the supply chain disruption of recent months has dampened manufacturing output, and there continue to be constraints from Covid-19 on the Chinese Mainland,” Frosti Lau, Cathay’s general manager for cargo service delivery, wrote in an email newsletter Thursday.