Air cargo figures down for January says IATA

Air freight demand, measured in cargo tonne kilometres (CTKs), fell by 3.3% in January 2020, compared to the same period in 2019, according to figures released today from the International Air Transport Association (IATA) ”January marked the tenth consecutive month of year-on-year declines in cargo volumes. The air cargo industry started the year on a weak footing. There was optimism that an easing of US-China trade tensions would give the sector a boost in 2020. But that has been overtaken by the COVID-19 outbreak, which has severely disrupted global supply chains, although it did not have a major impact on January’s