News
Air cargo demand increases for third consecutive month
December 6th 2023
The International Air Transport Association (IATA) said cargo tonne kilometres (CTK), a measure of demand, rose 3.8% in October compared with the same month in 2022. Read More » It was the third straight month of year-on-year growth in the sector and followed 19 months of CTK declines.
“Recovering demand, slightly stronger yields and the uptick in trade are all good news,” IATA director general, Willie Walsh, said. “But with demand still 2.4% below pre-pandemic levels and much uncertainty remaining about the trajectory of the global economy, optimism must be balanced with caution. Nonetheless, a continued strong peak year-end season will certainly help the sector to manage through whatever turns the global economy might take in 2024.” The airline lobby group's monthly cargo report said Asia-Pacific airlines CTKs improved 7.6% year-on-year in September.
