IATA: Demand falling despite pause in tariff hikes

Global air cargo demand is continuing to fall despite the pause in tariff hikes, the International Air Transport Association (IATA) reports. Freight tonne kilometres were down 4.5% in September, the 11th consecutive month of year-on-year declines, marking the longest period since the global financial crisis in 2008. Capacity measured in available freight tonne kilometres rose […]

WorldACD: Air cargo comes falling back to earth

After the industry got its hopes in July, air cargo has come crashing back down to earth with a weak month in August, reports WorldACD. Total chargeable weight was down 7.1% year-on-year in August and yields by 9.4% in US dollars, pushing down revenue by almost 16%. General cargo was down 10.3% though special cargo […]

IATA: Air cargo is a victim of US-China trade war

Trade wars are having an adverse impact on air cargo, with US-China trade volumes down 14% this year, says the International Air Transport Association (IATA). Air freight demand measured in freight tonne kilometres (FTK) contracted 3.2% in July, marking the ninth consecutive month of year-on-year declines. It was impacted by weak global trade and the […]