China Airlines doubles size of cold chain logistics business, outlook remains positive

China Airlines reported (16-Aug-2021) its cold chain logistics business has doubled in size in response to growing global demand. The number of temperature controlled cargo containers transported by the airline between Jan-2021 and Jul-2021 increased 220% year-on-year. The carrier stated: "The outlook continues to be positive". The airline added: "As Western countries begin easing their lockdown restrictions and introducing new economic stimulus plans, the demand side is very favourable and the change from ground to sea freight is still gathering momentum. Price for air cargo should therefore remain high". China Airlines became one of the world's top five carriers by cargo volume in 2020, according to IATA, with a 12.8% increase to 1.55 million tonnes. [more - original PR]