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Global airline association reports 8% decline in 2022 cargo demand
February 7th 2023
The International Air Transport Association (IATA) said cargo tonne kilometres (CTK), a measure of demand, were 8% lower in 2022 compared with the previous year. Read More » Against pre-COVID-19 performance, CTKs in 2022 were 1.6% below 2019, the last full year before the outbreak of the pandemic. “The continuing measures by key governments to fight inflation by cooling economies are expected to result in a further decline in cargo volumes in 2023 to -5.6% compared with 2019,” IATA director general, Willie Walsh, said. “It will, however, take time for these measures to bite into cargo rates.”
