Downward trend for air cargo continues in May – Iata
3 Jul 2019 - by
The demand for global air cargo had fallen 3.4% in May as a result of ongoing China-US trade disputes, the International Air Transport Association revealed today
The global demand for air cargo, measured in freight tonne kilometres (FTKs), dropped 3.4% compared to the same period in 2018.
According to Iata, this was a slight improvement on the 5.6% contraction in April.
Africa remained the strongest performer for a third consecutive month with an 8% increase in air cargo demand.
“In seasonally adjusted terms, the level of FTKs increased modestly for the third consecutive month, suggesting that the low point of this cycle may be behind us, although the market remains weak.”
Demand suffered from weak global trade volumes and trade tensions between China and the US.