Logistics companies in China are planning to expand their international cargo operations and charter flights for air cargo shipments to cope with the growing air traffic suspensions across the world due to the novel coronavirus outbreak.

China's courier giants Yunda Express, STO Express and YTO Express reported sharp drops in Feb 2020 earnings, according to their announcements on Key Operating Data Feb 2020 released respectively on March 19.

On March 19, 2020, S.F. Holding Co., Ltd. (the "Company") released an announcement on express delivery service operations in February 2020.

The International Air Transport Association (IATA) and its members continue to support governments in their efforts to contain the spread of COVID-19. Since the crisis began, air cargo has been a vital partner in delivering much-needed medicines, medical equipment (including spare parts/repair components), and in keeping global supply chains functioning for the most time-sensitive materials. This has been done through dedicated cargo freighter operations, utilization of cargo capacity in passenger aircraft and with relief flights to affected areas.

Budapest Airport welcomed the first direct Seoul-Budapest cargo flight on Friday 21st February 2020; Korean Air's Boeing 777F type cargo aircraft taxied to the apron of BUD's logistics base at 10:40. The aerial connection is not only an excellent opportunity for the large Korean companies operating in Hungary, but will also constitute a significant competitive advantage for the Hungarian economy in the import-export market.

SF Airlines, China's leading air cargo carrier, has sent a total of 107 flights carrying emergency supplies to support the novel coronavirus-hits regions, according to the airline Thursday.

Emirates SkyCargo is seeing good demand for the import and export of cargo into the Chinese market, as China reopens for business after the Lunar New Year holidays. The air cargo carrier operates freighter services to Guangzhou (CAN) and Shanghai (PVG), having resumed these scheduled services after a planned hiatus over the traditionally low-traffic period over the holidays.

The International Air Transport Association (IATA) and the International Post Corporation (IPC) have today signed a Memorandum of Understanding (MoU) to reinforce cooperation between the two organizations. The aim for both IATA and IPC is to promote the development and expansion of safe, secure, accessible and high-quality airmail and air cargo services to help their respective members provide quality solutions aligned to consumer needs.

The global air cargo industry is unlikely to grow this year because of the challenges in the China market due to the coronavirus, a senior executive at Boeing Co said on Wednesday.

The International Air Transport Association (IATA) released full-year 2019 data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), fell by 3.3% compared to 2018 while capacity (AFTK) rose by 2.1%. This was the first year of declining freight volumes since 2012, and the weakest performance since the global financial crisis in 2009 (when air freight markets contracted by 9.7%).