Japan-based All Nippon Airways (ANA) is moving cargo from its freighters to the bellyholds of its passenger fleet, while scaling back scheduled all-cargo flights in October, the airline announced. The decision mirrors an industry-wide general freight trend, as increasing bellyhold capacity exerts downward pressure on the profits of freighter operations.
ANA’s decision was based on weakening demand for Japan-produced, high-value auto parts from Chinese manufacturers, a brutal price war with Ch…
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Source: aircargoworld