Source: IATA
• Air cargo continued to recover although the pace of improvement softened modestly compared with September. Industry-wide cargo tonne-kilometres (CTKs) fell by 6.2% year-on-year versus 7.8% fall in the previous month. North American airlines showed the strongest outcome, with CTKs up 6.2% compared with a year ago.
• The near-term outlook is upbeat since Q4 is a peak season for air cargo and demand drivers are supportive. Cargo volumes are expected to fall by 12% in 2020 as a whole and recover to pre-crisis levels in 2021.
• Industry-wide load factor reached a record high level for October amidst ongoing shortage of cargo capacity … READ MORE