No summer siesta for airfreight
Traditionally, air cargo spot rates tend to decline or remain flat at best during H1, ...
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Geneva – The International Air Transport Association (IATA) released data for global air freight markets in November showing that freight volumes improved compared to October, but remain depressed compared to 2019. Capacity remains constrained from the loss of available belly cargo space as passenger aircraft remain parked.
“Air cargo demand is still down 6.6% compared to the previous year, however we are seeing continuing month-on-month improvements. Severe capacity constraints persist as large parts of the passenger fleet remain grounded. This will put pressure on the industry as it gears up to deliver vital COVID-19 vaccines,” said Alexandre de Juniac, IATA’s Director General and CEO. |
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1 % of industry CTKs in 2019 2 Year-on-year change in load factor 3 Load factor level | |||||||||||||||||||||||||||||||||||||||||||||||||
November Regional Performance
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