IATA: fall in air cargo demand in line with expectations

The International Air Transport Association (IATA) has released April 2022 data for global air cargo markets showing a drop in demand and contraction in capacity. The effects of the Omicron COVID-19 variant in Asia and the Russia–Ukraine war continue to create a challenging operating backdrop that is driving the decline. Global demand, measured in cargo tonne-kilometres (CTKs), fell 11.2% compared to April 2021(-10.6% for international operations). Global demand is down 1% compared to April 2019. Capacity was 2% below 2021 (+1.2% for international operations). Both global capacity and international capacity decreased slightly in April compared to March. Asia experienced the Read more
