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Geodis cuts airfreight network with market downturn
来源：shippingazette 编辑：编辑部 发布：2023/09/19 17:01:53
FREIGHT forwarder Geodis is reducing the size of its air cargo network in light of the recent market downturn.
The company was one of many forwarding companies to partner with an airline to set up its own air cargo operation during the Covid-pandemic to provide customers with capacity in response to the shortfall in passenger flights.
While many of these partnerships were based on charter flights, Geodis in August 2021 went one step further and leased its own aircraft - an A330-300 converted freighter operated by Titan Airways, reports London's Air Cargo News.
Since the end of the pandemic passenger services and bellyhold capacity have quickly recovered while cargo demand has fallen back due to inflationary pressures.
In response, Geodis has stopped flying between Asia, Europe and the US, although other flights continue.
"Our own operated aircraft enabled us to set up weekly rotations between the European, Asian and American continents," said a Geodis spokesperson.
"The more recent decline in demand and the return of passenger flights led us to review this strategy.
"While our bi-weekly services between Hong Kong, Shanghai and Mexico remain in place, we have suspended our flights between Asia, Europe and the US.
The company was one of many forwarding companies to partner with an airline to set up its own air cargo operation during the Covid-pandemic to provide customers with capacity in response to the shortfall in passenger flights.
While many of these partnerships were based on charter flights, Geodis in August 2021 went one step further and leased its own aircraft - an A330-300 converted freighter operated by Titan Airways, reports London's Air Cargo News.
Since the end of the pandemic passenger services and bellyhold capacity have quickly recovered while cargo demand has fallen back due to inflationary pressures.
In response, Geodis has stopped flying between Asia, Europe and the US, although other flights continue.
"Our own operated aircraft enabled us to set up weekly rotations between the European, Asian and American continents," said a Geodis spokesperson.
"The more recent decline in demand and the return of passenger flights led us to review this strategy.
"While our bi-weekly services between Hong Kong, Shanghai and Mexico remain in place, we have suspended our flights between Asia, Europe and the US.