Air, Freight News

IATA sees faint signs of recovery

[ August 3, 2020   //   Chris ]

Airfreight cargo tonne-kilometres (CTKs) fell by 17.6% in June (-19.9% for international operations) compared to the previous year, a modest improvement from the 20.1% year-on-year drop recorded in May says the International Air Transport Association (IATA).

Global capacity, measured in available cargo tonne-kilometres (ACTKs), shrank by 34.1% in June ( 33.9% for international operations) compared to the previous year, on par with the 34.8% year-on-year drop in May.

Belly capacity for international air cargo shrank by 70% in June compared to the previous year due to the withdrawal of passenger services amid COVID-19. This was partially offset by a 32% increase in capacity through expanded use of freighter aircraft.

Tags: IATA