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Prof. Benny Mantin gives insights into air cargo logistics trends

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Published on Monday, 31 May 2021

On 21 April 2021, Professor Benny Mantin, Director of the Luxembourg Centre for Logistics and Supply Chain Management, was a guest speaker at the event “Macro trends in air cargo logistics, organised by Cargolux, Luxembourg’s all-freight airline, in collaboration with the Luxembourg-American Chamber of Commerce in New York City and the American Chamber of Commerce in Luxembourg.

Following his talk, Prof. Mantin gave an interview to the media outlet Luxembourg Times, sharing some of his insights into the pandemic-driven increase in Cargolux’s earnings. In the article, Prof. Mantin explained that as a result of the three-fold rise in freight prices and worldwide air cargo volume and spending, along with reduced worldwide capacity, Cargolux was able to finish 2020 with exceptional profits, while commercial passenger airlines’ earnings plummeted sharply. 

“Since the start of the pandemic, we all came to recognise the importance of air cargo transportation. Thanks to its long reach, it has been the artery, even the lifeline, of many supply chains, notably for essential products and medicine. It carries the most important and most valuable pieces of cargo throughout the world, sometimes meaning the difference between life and death in some areas of the world” Prof. Mantin added.

The full article can be accessed on the Luxembourg Times website (paywall).