IATA: Air cargo tracks near pre-COVID levels

The International Air Transport Association (IATA) released data for July 2022 global air cargo markets showing that demand continued to track at near pre-pandemic levels in July (-3.5%), but below July 2021 performance (-9.7%). Global demand, measured in cargo tonne-kilometres (CTKs), fell 9.7% compared to July 2021 (-10.2% for international operations). Demand stood at -3.5% compared to July 2019. Capacity was 3.6% above July 2021 (+6.8% for international operations) but still 7.8% below July 2019 levels. Several factors in the operating environment are highlighted by IATA: ​​​New export orders, a leading indicator of cargo demand, decreased in all markets, except