IATA said though the February estimates would show the real picture, global freight movement in January already recorded 3.3 per cent dip. IATA Coronavirus COVID19 Pandemic
IATA said though the February estimates would show the real picture, global freight movement in January already recorded 3.3 per cent dip.
Global air cargo decreased for the tenth consecutive month in January, but not as a result of the covid-19 outbreak. “There was optimism that an easing of US-China trade tensions would give the sector a boost in 2020. But that has been overtaken by the covid-19 outbreak, which has severely disrupted global supply chains, although it did not have a major impact on January’s cargo performance.
The new figure was released following a review of financial implication on the public health emergency on the global air transport industry. Just three weeks ago, IATA was expecting lost sales in the range of $30 billion. North American airlines saw demand decrease by 1.3 per cent in January 2020, compared to the same period a year earlier. Capacity increased by 3.4 per cent. Seasonally-adjusted cargo demand rose slightly however, amid a more supportive operating environment and following the thawing of US-China trade relations.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID-19 taking huge toll on economy, says Buhari'...Coronavirus is not improving matters. It is affecting what we very much depend on, the petroleum industry and therefore revenue,” the president said.
Read more »
COVID 19: La Liga to be played behind closed doorsLa Liga matches will be played without fans for at least the next two rounds of fixtures to try and stop the spread of coronavirus, the Spanish league...
Read more »
Declining oil price, COVID-19 outbreak to affect Nigeria’s capital market – SECThe Acting Director-General of the Securities and Exchange Commission (SEC), Mary Uduk, says the global decline in oil prices and outbreak of coronavirus.
Read more »
Lagos to experience 240 days rain from March 19 - Govt warnsLagos to experience 240 days rain from March 19 - Govt warns WednesdayThoughts ReadThis TopStories
Read more »
COVID 19: 50 Nigeria’s crude oil cargoes strandedNot less than 50 cargoes of crude oil from Nigeria have not found landing owing to the outbreak of Coronavirus, officially names COVID 19...
Read more »
Our measures on Covid-19 yielding positive results“If we had not been proactive in tracking down those who had had contact with the first Italian index case, he would have been spreading it everywhere, but for our measures being put in place.”
Read more »