African airlines saw their air cargo volumes decline by 0.1% in September 2023, despite global air cargo markets, showing continuing demand recovery increasing by 1.9% compared to September 2022 levels according to data for September 2023 global air cargo markets released by IATA. The decline was also despite the strong growth of demand on the…
Tag: Air cargo
Air Cargo Demand Remains Weak in May
The International Air Transport Association (IATA) released data for May 2023 global air cargo markets showing weak market conditions. Global demand, measured in cargo tonne-kilometers (CTKs), fell 5.2% compared to May 2022 (-6.0% for international operations). Capacity, as measured by available cargo tonne-kilometers (ACTKs), rose 14.5% compared to May 2022, primarily driven by belly capacity…