IATA figures confirm 30% drop in international air cargo demand in April, alongside a more-than 40% drop in capacity, which drove up cargo load factors by ‘the largest increase since tracking began’
Figures published this week by the International Air Transport Association (IATA) have confirmed earlier reports of a roughly 30% drop in international air freight demand in April and an almost 28% drop in total cargo carried, which the association said was “the sharpest fall ever recorded”.
Newly released IATA data for global air freight markets in April showed that total demand, measured in cargo tonne kilometres (CTKs), fell by 27.7% in April compared to the previous year, and fell by 29.5% for international movements.
But with capacity falling by an even greater amount, IATA also noted: “Still, there was insufficient capacity to meet demand as a result of the loss of belly cargo operations on passenger aircraft.”
Global capacity,...
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