October tonnages track close to last year’s levels

Global air cargo tonnages stabilised in October close to their levels this time last year, with preliminary full-month tonnage figures for October down just -1% compared to those in October 2022, having tracked last October’s demand patterns closely on a week-by-week basis throughout the month, according to the latest figures from WorldACD Market Data.  That difference of -1% in October is the smallest full-month year-on-year drop recorded so far this year, narrowing from a year-on-year decline of -10% in the first quarter, -6% in the second quarter and -3% in the third quarter of the year. But this narrowing of