Global air cargo demand, measured in cargo tonne-kilometres (CTKs), declined 11.2 percent in April compared to April 2021 (-10.6 percent for international operations), according to the latest data from The International Air Transport Association (IATA).
“The effects of Omicron in Asia and the Russia-Ukraine war continue to create a challenging operating backdrop that is driving the decline,” the report said.
Capacity was 2 percent below 2021. “Both global capacity and international capacity decreased slightly in April compared to March. Asia experienced the largest falls in capacity.”
Willie Walsh, Director General, IATA says: “The combination of the war in Ukraine and Covid-19 lockdowns in China have pushed up energy costs, intensified supply chain disruptions, and fed inflation. The operating environment is challenging for all businesses, including air cargo. But with China easing lockdown restrictions, there is cause for some optimism and the supply/demand imbalance is keeping yields high.”
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