Air Cargo Volumes Benefit Some Airports Amid Pandemic

According to Fitch Ratings, air cargo volumes have been more resilient to Coronavirus pandemic-related effects than passenger traffic activity, but the overall effect on stabilizing airport revenues is mostly limited to the largest cargo hubs, given smaller cargo revenue contributions at the majority of US airports. At the 10-largest US cargo airports, passenger volumes were down 80%-90% in the initial period of peak declines after March 2020, while cargo volumes have seen milder declines or, in a few cases, significant growth. Despite the negative economic fallout of the pandemic, stay-at-home orders, increased ecommerce and online purchases have bolstered cargo volumes in the short-term. Read the full story here.