Air cargo demand weak in May: IATA
Global demand, measured in cargo tonne-kilometres (CTKs), fell 5.2% compared to May 2022 (- 6% for international operations). Capacity, as measured by available cargo tonne-kilometres (ACTKs), rose 14.5% compared to May 2022
The second half of the year should bring some improvements. As inflation moderates in many markets, it is widely expected that central bank rate hikes will taper. This should help stimulate economic activity with a positive impact on demand for air cargo: Willie Walsh, IATA
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Asia-Pacific airlines saw volumes decrease 3.3% due to 6.4% drop in international demand. Capacity in the region increased 38.3%
North American carriers saw the weakest performance of all regions for the third consecutive month with 8.1% decrease in cargo volumes. Capacity increased 1.2% compared to May 2022
African airlines posted a 2.4% decrease in demand compared to May 2022, was a decline in performance compared to the previous month (-0.9%). Capacity was up 9.2%.
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