Search Company:
Geneva - The International Air Transport Association (IATA) released data for September 2023 global air cargo markets, showing continuing demand recovery.
Global demand, measured in cargo tonne-kilometers (CTKs*), increased by 1.9% compared to September 2022 levels (+6% for international operations).
Capacity, measured in available cargo tonne-kilometers (ACTKs), was up 12.1% compared to September 2022 (+0% for international operations). Growth was largely related to international belly capacity which rose 31.5% year-on-year as airlines scaled up operations to meet peak-northern summer travel season demand.
"Air cargo eked out modest growth (1.9%) in September despite falling trade volumes and high jet fuel prices. That clearly shows the strength of air cargo’s value proposition. With the key export order and manufacturing PMIs hovering near positive territory, we can be cautiously optimistic for a strong year-end peak season," said Willie Walsh, IATA’s Director General. Read more
Source: IATA
