15 November 2022
Canadian Custom Brokerage

Global air cargo demand softens in September

According to data for the month of September released by the International Air Transport Association (IATA), global air cargo demand has softened.

Global demand, measured in cargo tonne-kilometers, fell 10.6% compared to September 2021 (-10.6% also for international operations), but continued to track at near pre-pandemic levels (-3.6%).

IATA notes capacity was 2.4% above September 2021 (+5.0% for international operations) but still 7.4% below September 2019 levels (-8.1% for international operations).

Asia-Pacific airlines saw their air cargo volumes decrease by 10.7% in September compared to the same month in 2021. North American carriers posted a 6.0% decrease in cargo volumes. European carriers saw a 15.6% decrease in cargo volumes in September 2022 compared to the same month in 2021. Middle Eastern carriers experienced a 15.8% year-on-year decrease.

Latin American carriers reported an increase of 10.8% in their cargo volumes compared to September 2021. This was the strongest performance of all regions. African airlines saw cargo volumes increase by 0.1%.

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