Air cargo in new balancing act as rates ease and fuel costs climb
Air cargo carriers are facing an increasingly challenging market, with spot rates beginning to cool, ...
International CTK growth
By Alex Lennane
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.
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