Air cargo demand drops 14% in November: IATA
Global demand, measured in cargo tonne-kilometres (CTKs), declined 13.7% in November 2022 compared to November 2021 (-14.2% for international operations), according to latest data from IATA.
"November presented several indicators with upside potential: oil prices stabilised, inflation slowed and there was a slight expansion in goods traded globally. But shrinking export orders globally and China’s rising Covid cases are cause for careful monitoring." Willie Walsh, Director General, IATA
Latin American carriers reported a 2.8% increase in volumes, the strongest performance of all regions and a significant improvement in performance compared to October (-1.4%).
African airlines saw volumes decrease 6.3% in November 2022 compared to November 2021. This was an improvement in performance compared to the previous month (-8.3%). Capacity was 11.4% below November 2021 levels.
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