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UPS and FedEx:
Delivering profits from Covid — September 2020

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In normal times, air cargo is a relatively small part of the overall aviation business. But these are not normal times.

Over the past fifteen years air cargo accounted for an average 12% of global commercial air transport revenues and 15% of the total tonnage carried (on the assumption of being able to squeeze nearly 11 passengers and their bags into a tonne).


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