Global air freight markets showed slow improvement amidst insufficient capacity, data from the International Air Transport Association (IATA) revealed. Asia Pacific airlines, in particular, saw air cargo demand fall 18.3 percent in August compared to the same period a year earlier, with capacity down 35 percent in the region. On a month-on-month basis, IATA said global demand moved slightly in a positive direction but at a slower pace than some of the traditional leading indicators would … [Read more...] about Capacity crunch stalls air cargo demand in August
global air freight markets
Air cargo capacity crunch: Demand plummets but capacity disappears even faster
The International Air Transport Association (IATA) released data for global air freight markets in April showing that demand dropped 27.7 percent compared to the same period in 2019 - the sharpest fall ever recorded. Still, there was insufficient capacity to meet demand as a result of the loss of belly cargo operations on passenger aircraft. Global demand, measured in cargo tonne kilometers (CTKs), fell by 27.7 percent in April compared to the previous year (-29.5 percent for international … [Read more...] about Air cargo capacity crunch: Demand plummets but capacity disappears even faster
