SUBSCRIBERS
Worldwide Flight Services CEO sees near-term softness in cargo, but robust long-term prospects
Published Tue, Nov 29, 2022 · 05:50 AM
WORLDWIDE Flight Services (WFS) chief executive Craig Smyth expects further softness in the global air freight market.
But if history is any indication, he said, the hit to the sector will probably last only three or four quarters. After that, the sector will likely take fewer than a couple of quarters to recover.
There were periods of anomaly, when the air freight market did not follow historical patterns.
READ MORE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Dow briefly sprints past 40,000-mark on earnings boost, rate-cut bets
Goldman strikes US$43 billion investing deal for UPS pension funds
US: Wall Street opens nearly flat after CPI-driven rally
Blackstone to buy Priority Software stake in biggest Israel deal
Hugo Boss and David Beckham partner up for design collection
Under Armour forecasts downbeat annual sales and profit, shares slump