Amazon scales back cargo flying as demand cools, contractor says
Publishing timestamp: 2023-02-06 15:53:03
Summary
Air Transport Services Group, which operates a significant portion of Amazon's air freight network, said Monday that Amazon is scaling back on flights this year due to lower demand and slower economic growth. This is in response to the cooling of air cargo demand and rising inflation and slowdown in consumer spending. Amazon has taken steps to curtail expenses, including cutting jobs, pausing warehouse expansion, and shuttering some projects. Representatives from both companies didn't immediately respond to request for comment.
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