Data from the International Air Transport Association (IATA) for global air freight markets in August shows that improvement remains slow amid insufficient capacity. Although demand moved slightly in a positive direction month-on-month, levels remain depressed compared to 2019. Improvement continues at a slower pace than some of the traditional leading indicators would suggest, says IATA, adding that this is due to the capacity constraint from the loss of available belly cargo space as passenger aircraft remain parked. Global demand, measured in cargo tonne-kilometres (CTKs), was 12.6% below previous-year levels in August (-14% for international operations). That is a modest improvement

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