Air cargo recovery continues amid improving economic activity, says IATA

International CTK growth

July saw the air cargo market stabilise further, according to the latest data from IATA. Cargo-tonne-km (CTKs) fell 13.5% year on year, although month-on-month, seasonally adjusted figures showed growth of 2.6%. IATA noted that manufacturing output and export orders were improving, indicating that CTKs should also continue to improve. Year-on-year, July capacity was down 31.2%, but up on June. Belly capacity remained low, at some 70% down year on year, but there was a 28.8% rise in freighter capacity.

“Most regions are on an upward swing – at different paces,” noted the association.