Worldwide Flight Services CEO sees near-term softness in cargo, but robust long-term prospects

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.