Source: Travel News Asia
According to the International Air Transport Association (IATA), global demand, measured in cargo tonne-kilometers (CTK or FTK) dropped by 10.6% compared to last year's data. As per capacity, the data shows it's 2.4% above September 2021. Things about the operating environment are taken into account, like the fact that oil prices have stayed stable and that global goods trade grew by 5.2% in August.
Air cargo volumes for Asia-Pacific airlines decreased by 10.7%, while those for North American carriers decreased by 6%. European carriers also experienced a decrease of 6%, and Middle Eastern carriers by 15.8%. On the other hand, cargo volumes for Latin American carriers reported an increase of 10.8% and African airlines by 0.1%.