It should come as no surprise to suggest that the airfreight industry was particularly hard-hit by the downstream effects of the COVID-19 pandemic this year. While the ocean industry saw some of the immediate peril as the virus began to spread, in a slow and painful decline the airlines have suffered billions and billions of dollars in losses, crew layoffs and furloughs, crippling capacity constraints, endless flight cancelations, and in some extreme cases, bankruptcy.
Although regular flight schedules have slowly started to resume and passenger travel has carefully increased, the industry is far from any definition of normal.
In the latest episode of Talking Trade, Kevin Connor - VP of Air Transportation, and Patrick Olyhoeck, Director - Airfreight, EMEA, break down the air industry as a whole, including the latest trends and updates, why a decrease in passenger travel directly impacts cargo movement, what restructuring we can expect in 2021 and beyond as a result of 2020, and more.
Of course, we can't have an airfreight podcast in 2020 without discussing a COVID vaccine. We'll break down what this "undertaking of a century" means for the airlines, the world at large, and if this is the path to a full recovery for the industry.
Tune in below for the full discussion.