Slight uptick in May cargo data – IATA

The International Air Transport Association (IATA) released data for global air freight markets in May showing a slight improvement in the air cargo market. But capacity remains unable to meet demand as a result of the loss of belly cargo operations on passenger aircraft that have been parked. According to the trade body, global demand, measured in cargo tonne-kilometers (CTKs), fell by 20.3% in May (-21.5% for international operations) compared to the previous year. That is an improvement from the 25.6% year-on-year drop recorded in April. Meanwhile global capacity, measured in available cargo tonne-kilometers (ACTKs), shrank by 34.7% in May