IATA – Global air cargo decline rate slows in last few months

Global air cargo demand as measured in cargo tonne-kilometers (CTKs) fell by 6.6% over April, an improvement on the 7.6% decline experienced in March and a 7.0% drop over April 2022, according to the latest data released by the International Air Transport Association (IATA). Commenting on the decline, Willie Walsh, Director General, IATA said: “”The air cargo industry is adjusting itself to the implications of the recovery in passenger demand that brings with it an expansion of belly capacity. Freighter operations stopped in March and freighter services were scaled back by 2.3% in April. The demand environment is challenging to