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How Airlines Fly Cars, Sharks And Other Goods Under Passengers

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 » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC How Airlines Fly Cars, Sharks And Other Goods Under Passengers