When the pandemic hit in early 2020, air travel came to a near halt. By April, more than half of the world’s passenger jets were parked. Those 16,000 planes also carry roughly half of the world’s air cargo, over 52 million metric tons of goods every year.
Cargo is typically only a small percentage of airline revenue, but it became a lifeline for Alaska Airlines, American, United and others as passengers stayed home under lockdown orders.
The air cargo market boomed and prices soared as consumers turned to e-commerce giants like Amazon to shop from home. Amazon sales surged 44% in Q1 2021 compared to 2020. Cargo’s share in total airline revenue almost quadrupled between 2016 and 2021.
In response, the world’s two biggest plane manufacturers started making cargo-only versions of their newest wide-body aircraft: the Boeing 777x and the Airbus A350. Boeing’s freight plane sales hit a new record in 2021 and expects an 80% increase in the global freighter fleet through 2041.
But as the global economy slows, is this growth in air cargo sustainable? Watch the video to learn more.
Chapters:
How air cargo works – 02:54
Pandemic shift – 06:16
E-commerce – 7:49
Demand – 09:13
Outlook – 11:32
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How Airlines Fly Cars, Sharks And Other Goods Under Passengers
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Making money is an action. Keeping money is behavior. Growing money is knowledge
The pings in the background music are incredibly annoying
Cringe af😂
People the airplanes wasn't learning to the virus airplanes wasn't leaving anywhere through the every day Pilots quit they want more pay more benefits
The thing of it is I there is no food they oil was too high billionaires raising the prices on your gas you got billionaires that raise the prices on your food and you want to say the president do it did it there's no way he can raise those prices like that the companies that sell and the signs that talking about the airplanes and all these things so I guess what your governor and Texas he held back all those trucks and everything and I'm rotted do you think that stop food coming into the stores and people want to think everything goes to the no this was done by your Governor's the billionaires and you think they lost money on those airplanes you got to be kidding they haven't lost the scent because they're already billionaires how much money you think a billionaire can what do you think everything went up I work for billionaires you can't spend enough money to go broke being a billionaire I don't care if your plans are not running I don't care what it is it's just the way it is and since most of the Republican uglies are in bed with these billionaires what do you think you're going to work and fix the roads no they sold it not to fix the roads people need to get an education and read more instead of looking at all these stupid things that's on YouTube and check it out and look at it for yourself you probably don't even know how to do that. Cuz if they did they wouldn't be talking this b*******.?.?
Amazon has their own airplanes Amazon have their own trucks for delivery Amazon is a trillionaire and you think he's dumb enough to wait for an airplane to take you going to be kidding at Amazon didn't lose a nickel the millionaires that had didn't lose a dime they just want to do what the Republicans wanting to do shut things down make things slow and keep lying about how everything really is I look at it like this if your people wanted to go out when the virus will say you should just thought it was just did go out and then the ground today so to me what is a what did they gain
The US government gave them enough money to keep everyone on staff that they laid off and never hired back. American Airlines received 5.8 BILLION DOLLARS.
The hardest thing a small YouTuber can feel is when you wake up in the morning and nothing is changed on your channel 😭
how? aircrafts were filled with cargo instead of passengers
Allocative efficiency
From what I read, they bought back some aircraft that burned fuel like crazy since fuel prices were super low and cargo freight skyrocketed
It's high speed trains 🚅 🚄 🚆 era not cargo airplanes. Globalwarming Climatechanges
SUN EXPLOSIONS TRUTH!!! POWERFUL EXPLOSIONS TODAY 10/4/22
https://youtube.com/shorts/WriCB2Ii6WI?feature=share
Wendover Productions about to delay the release of their next video, lol! (love wendover!) CNBC YT – always very educational, I always learn something new and the journalism really shines in a world full of youtubers reading back "googled" researched results with little insight.
So they made record profits with air cargo but were wanting government $$ help because they could go bankrupt
I can’t believe that you do not mention at all how polluting is air travel vs other means of transportation. And how unnecessary it is for e-commerce purchases. 😢
"How American Taxpayers Kept American Airlines and Others Afloat During The Pandemic". There fixed that title for you.
Fighting 7.5% inflation (more like 15%) with a 1% fed funds interest rate is like stopping a Forest fire with a bucket of water. Folks prepare accordingly. Make investment in other not to depend on the government for funds
Air cargo helped. But that bailout helped more..
MDMSSB⭐💦💦💫wish everyone Happy New Year 2022.Lets work otogether to overcome the covid-19 trauma asap. Latest news sharing. J
"We support human Work life balance"
CNBC often makes videos unnecessary long. This is a good example. All the talking points easily could have been covered in 10 minutes.
Very educational contents CNBC!
That is not a Gorilla, that is an Orang Utan.. |||-_-
No business moving animals. Humans are mired in the past.
Please someone listen to me
How? (P)ANC.
Ted Stevens Anchorage International Terminal.
5:39 "We moved a gorilla"
shows an orangutan
🙏🙏🙏🙏🙏o 🙏🙏🙏🙏🙏
🙏🙏🙏M 🙏🙏🙏🙏
🎉🎉o
🎉🎉🎉🎉
🎉🎉🎉🎉
🎉
🎉🎉
The truth is with this recent economy Everyone needs more than there salary to be financially stable. The the best thing to do with your money is to lnvest it rightly because money left for saving always end up used with no returns..
Beg your pardon, sharks?
They didn't lose any money, there billions ahead of most companies. The mom and pops business got screwed by the fake kung Flu that are politicians put upon us.
15% of your revenue is not a small percentage – especially when it makes a better margin than other revenue streams. Cargo has been and always will be a great source of income for airlines.
Do they transport deceased while routing passengers on domestic/international flights?
Everyone doing the A350F design competition, take notes.
For decades, Boeing designed air cargo operations into every series for conversion while Airbus is just discovering aircraft conversion.
Ay a video about my job! Pays so well for the amount of work i do.
So when they move live animals, are they in the cargo holds with oxygen masks? 🤔
MCAS
What pandemic?! The virus like many others did not threaten us, politicians did. There was a few countries with insane policies, period.
butthurt Rail fanbois in the comments 😂
What pandemic