Air Cargo Demand Decline Slows Down in April

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Air cargo demand in April continued to decline, albeit at a slower pace than the previous month, according to IATA’s latest market data.

The airline association’s April 2023 figures showed that demand, in cargo tonne kms (CTKs), fell 6.6% over April 2022, although this was an improvement over the previous month’s 7.6% year-on-year decline.

Meanwhile, capacity (in available cargo tonne-km, ACTK) was up 13.4% in April 2023 compared with the same month in 2022. It was also up 3.2% compared with April 2019, the first time in three years that it has surpassed pre-COVID levels.

Read more in an article from Air Cargo News.