Global air cargo falls in June

Global air cargo demand fell 4.8% in June compared to the previous year, according to latest figures from the International Air Transport Association (IATA).

Global air cargo falls in June
Global air cargo falls in June

Demand—measured in freight tonne kilometers—suffered the eighth consecutive month of year-on-year decline in cargo figures.

Trade tensions, most notably between the US and China, continue to have a significant detrimental effect on air freight.
IATA said that “Signs of a modest recovery in recent months appear to have been premature” as all regions except Africa saw a decrease in trade by air.

Capacity—measured in available freight tonne kilometers—grew 2.6% in June compared to 2018, but IATA said it remains “subdued” as load factor also fell.

Global trade continues to suffer as trade tensions—particularly between the US and China—deepen. As a result, air cargo markets continue to contract,” said IATA Director General and CEO Alexandre de Juniac.

“Nobody wins a trade war. Borders that are open to trade spread sustained prosperity. That’s what our political leaders must focus on.”

Asia-Pacific and the Middle East were hit hardest by the decline in year-on-year growth of total air cargo volumes.

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