Geneva - The International Air Transport Association (IATA) released September data for global air freight markets showing that air cargo demand, while strengthening, remains depressed compared to 2019 levels
Global demand, measured in cargo tonne-kilometers (CTKs*), was 8% below previous-year levels in September (-9.9% for international operations). That is an improvement from the 12.1% year-on-year drop recorded in August. Month-on-month demand grew by 3.7% in September.
Global capacity, measured in available cargo tonne-kilometers (ACTKs), shrank by 25.2% in September (-28% for international operations) compared to the previous year. That is nearly three times larger than the contraction in demand, indicating a severe lack of capacity in the market.
Strong regional variations are emerging with North American and African carriers reporting year-on-year gains in demand (+1.5% and +9.7% respectively), while all other regions remained in negative territory compared to a year earlier. … read more