Air Cargo remains stable amidst economic uncertainties and geopolitical conflicts – IATA

The International Air Transport Association’s (IATA) latest report on global air cargo markets showed slight growth in August 2022 due to the additional easing of pandemic restrictions in China, anticipating further growth in the coming months. However, the global demand measured in cargo tonne-kilometers fell by 8.3% when compared to August 2021. This was a slight improvement on the year-on-year decline of 9.7% seen in July. Capacity was 6.3% above August 2021 (+6.1% for international operations). This is a significant expansion over the 3.6% year-on-year increase in July 2021. Willie Walsh, IATA’s Director General, said: “Air cargo continues to demonstrate