Your English writing platform
Discover LudwigSuggestions(1)
Exact(4)
So the collapse in business- and first-class travel — one premium passenger gives Cathay about as much revenue as five economy passengers — hit Cathay Pacific especially hard, as did a drop in freight traffic.
Pricing power helped the Norfolk, Va.-based company offset an 8.0% drop in freight volumes resulting from weakened demand.
Steven Hites, a former railroad conductor in Skagway, lost his job in 1982 after a nearby mine shut down, causing an 85% drop in freight revenue.
The total drop in freight transport demand would be dramatic and similar in comparison with the 14percentt fall in demand after the financial crisis during 2008.
Similar(56)
Deutsche Post, the German logistics giant that owns DHL, has been hit by a 15 to 20percentt drop in its freight forwarding business.
A drop in air freight of 7.7percentt was the first since the market for technology stocks crashed in 2001, the transport association said.
However, the carrier saw a drop in its freight business due to the weak economic backdrop in Europe.
A drop in Chinese rail freight volume raised fears the country's economy is growing by less than the official figures show.
Besides dealing a blow to the manufacturer, the move highlights the intense pressure for cost savings at airlines worldwide as the industry struggles to adjust to a sharp drop in passengers and freight.
The slowdown is becoming evident in falling retail sales, weaker job growth, a decline in industrial production, a drop in home construction permits and a mild decline in freight traffic.
Along with a sharp decline in freight shipments, the other profit source for airlines, the drop in premium passengers combined to paint a darkening picture for the aviation industry.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com