OMICRON LEAVING THE INDUSTRY BAFFLED ONCE AGAIN

​No thanks to the new Omicron variant, the cargo figures that looked promising in the month of October might have a negative impact due to strict government regulations in the global market. Although the governments around the world possess more data now than they did in 2020, it would be a wise decision to not put strong restrictions on cargo as this could further hurt the ongoing supply chain congestion. In fact, lesser restrictions will allow the distribution of vaccines and essential items more efficiently. The global cargo load factor saw an increase of 8.5% in the month of October as compared to 2019 with a significant contribution coming from Europe-Asia routes. Once again, the industry finds itself in the middle of unpredictable circumstances to predict any future.

---

Summary by Tejaswi Khanna

Read News