It implies that they are not cargo, as they are not lost as cargo would be.
Oh, ya, I guess it does. :-)
My impression of that sentence was that it intended to speak to fighters on the deck of the carrier (which led to all that other rigamarole I asked about). Didn’t feel to me that fighters in the air in same sea zone as carrier during Combat phase would need mention of the carrier being sunk at that time. But your adjust of my focus provides clarity. Thank you, Krieghund! Your presence here makes our gaming experience better. Take care.