IATA: Global air cargo demand falls 7.4% below September 2019 levels

The International Air Transport Association (IATA) released data for September 2022 global air cargo markets showing that air cargo demand had softened. IATA reported that the global demand fell 10.6% compared to September 2021 but continued to track at near pre-pandemic levels (-3.6%). Willie Walsh, IATA’s Director General said: “While air cargo’s activity continues to track near to 2019 levels, volumes remain below 2021’s exceptional performance as the industry faces some headwinds. At the consumer level, with travel restrictions lifting post-pandemic, people are likely to spend more on vacation travel and less on e-commerce.” For international operations, the air cargo capacity