Global air cargo capacity down in Aug by 29.4%

Global air cargo capacity down in Aug by 29.4%

The International Air Transport Association (IATA) released its analysis for global air freight markets in August with demand measured in cargo tonne-kilometres (CTKs) down 12.6 percent year-on-year, compared to 14.4 percent in July and capacity shrank by 29.4 percent in August compared to the previous year. As per the report, international belly capacity is still scarce, and airlines have not been able to raise dedicated freighters capacity as much as needed. Air transport has also lost the market share of global trade due to competition from cheaper ocean trade, a typical pattern during downturns but not what is usually experienced at the start of an economic upturn.
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