SYDNEY ¨C An explosion in e-commerce demand is buoying the air freight business, boosting profit at some major airlines despite global trade tensions and underscoring robust consumer confidence.
Air freight demand is expected to rise 4 percent this year, the International Air Transport Association said at its annual meeting this week in Sydney.
Top beneficiaries will be freight-heavy carriers like Hong Kong¡¯s Cathay Pacific Airways, Dubai¡¯s Emirates, Germany¡¯s Lufthansa and Korean Air Lines.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.