The new conventional wisdom in the air cargo business, following a decade of unprecedented volatility, is that there no longer is any reliable conventional wisdom concerning international airfreight demand. The old conventional wisdom, generally accepted as recently as two years ago, was that since global air cargo traffic had averaged annual growth of about 6% through the decades, it would continue to do so; that 6% average would pan out over any 5-10-year period and, while flat ...

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