Air cargo demand, capacity continues to fall:Report

IATA’s latest figures for Jan-2023, point out a continuing soft underbelly in the cargo business, with demand continuing to fall in most regions and capacity also falling in half of them. No region has anything to shout about, except perhaps Latin America, where both demand and supply have increased – but that amounts to little in the overall scheme of things. The underlying issue globally is the uncertainty brought about by an amalgam of negative factors that rarely occur at the same time, like a flock of black swans landing on the global runway and refusing to move. Accordingly, we have entered an era where forecasting the future is subject to so many variables that guesswork carries the same degree of credibility, said CAPA.