The International Air Transport Association (IATA) released figures for global air cargo markets showing that growth has continued to flatline in May, broadly following the trend of the last 18 months. Global freight tonne kilometers increased just 0.8% in May compared to a year ago. Capacity, however, increased by 2.1% causing load factors to fall to 44.9% – their lowest level since the post crisis recovery. As about 60% of global air cargo utilizes capacity in the belly of passenger aircraft, managing capacity at a time when growth in air travel is outpacing that of cargo is particularly challenging. The
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