FIGURES from the International Air Cargo Association (IATA) show that air cargo demand in cargo tonne-km (CTK) terms declined by 8.3 per cent year on year in May, while load factors dropped by 6.1 percentage points on a year earlier to 50.5 per cent and capacity was up 2.7 per cent.
Looking ahead, iata was hopeful that the easing of Covid restrictions in Shanghai and Hong Kong would boost cargo, reported London's Air Cargo News.
'May offered positive news for air cargo, most notably because of the easing of some Omicron restrictions in China. On a seasonally adjusted basis, we saw growth (0.3 per cent) after two months of decline,' said IATA director general Willie Walsh.
'And the strong rebound in passenger traffic has increased belly capacity, although not always in the markets where the capacity crunch is most critical. But uncertainty in the overall economic situation will need to be carefully watched,' he said.
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Looking ahead, iata was hopeful that the easing of Covid restrictions in Shanghai and Hong Kong would boost cargo, reported London's Air Cargo News.
'May offered positive news for air cargo, most notably because of the easing of some Omicron restrictions in China. On a seasonally adjusted basis, we saw growth (0.3 per cent) after two months of decline,' said IATA director general Willie Walsh.
'And the strong rebound in passenger traffic has increased belly capacity, although not always in the markets where the capacity crunch is most critical. But uncertainty in the overall economic situation will need to be carefully watched,' he said.
SeaNews Turkey