Air, Freight News

Air freight demand remains subdued

[ September 1, 2020   //   Chris ]

Air cargo demand is stable but at lower levels than 2019, said the International Air Transport Association (IATA) in its July data. Global demand, in cargo tonne-kilometers, fell by 13.5% in July (-15.5% for international operations) compared to the previous year. That is a modest improvement from the 16.6% year-on-year drop recorded in June. Seasonally-adjusted demand grew by 2.6% month-on-month in July. Global capacity, measured in available cargo tonne-kilometers, shrank by 31.2% in July ( 32.9% for international operations) compared to the previous year. This is a small improvement from the 33.4% year-on-year drop in June.  

Tags: IATA