The company said air cargo traffic is due to be back to 2007 levels by the end of the year.
FORBES: Ride Boeing And Airlines Higher With Tripling Of Cargo Traffic By 2029
Boeing (BA) announced Tuesday that it expects global air cargo traffic to triple by 2029, with 5.9% annual growth over the next twenty years.
Moreover, continuing shift in freight traffic from air to the sea, driven by higher fuel prices is not helping the air-cargo industry at all.
FORBES: After Weak Results FedEx Looks Like A $105 Stock
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