IATA: Air cargo demand up 1.5% in August

The International Air Transport Association (IATA) data for August 2023 global air cargo markets, shows that year-on-year air cargo demand grew for the first time in 19 months. Global demand, measured in cargo tonne-kilometers (CTKs), increased by 1.5% compared to August 2022 levels (1.2% for international operations). Capacity, measured in available cargo tonne-kilometres (ACTKs), was up 12.2% compared to August 2022 (11.8% for international operations). This was largely related to belly capacity which rose 30% year-on-year as airlines ramped-up operations to meet peak-northern summer travel season demand. In August, both the manufacturing output Purchasing Managers Index or PMI (49.4) and