News
Air cargo demand declined 10.6% in September amid “some headwinds”
November 8th 2022
The International Air Transport Association (IATA) said cargo tonne kilometres (CTK), a measure of demand, dropped 10.6% in September compared with the same month a year ago. Read More » Available CTKs (ACTK) were up 2.4% against September 2021. “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,” IATA director general, Willie Walsh, said. “At the consumer level, with travel restrictions lifting post-pandemic, people are likely to spend more on vacation travel and less on e-commerce. At the macro-level, increasing recession warnings are likely to have a negative impact on global flows of goods and services balanced slightly by a stabilisation of oil prices.” IATA said Asia-Pacific airlines posted a 10.7% decline in CTKs while capacity increased by 2.8%. The region’s carriers continue to be impacted by the conflict in Ukraine, labor shortages and lower levels of trade and manufacturing activity due to Omicron-related restrictions in China, the IATA monitor said.
