Air cargo demand is recovering slowly from the effect of COVID-19: IATA

According to the International Air Transport Association (IATA), air cargo demand is recovering slowly from the effect of COVID-19. The association has released data for global air freight markets in June showing improvement, but at a slower pace than some of the traditional leading indicators would suggest. Global demand, measured in cargo tonne-kilometers (CTKs*), fell by 17.6 per cent in June (-19.9 per cent for international operations) compared to the previous year. That is a modest improvement from the 20.1 per cent year-on-year drop recorded in May.
However, global capacity, measured in available cargo tonne-kilometers (ACTKs), shrank by 34.1 per cent in June ( 33.9 per cent for international operations) compared to the previous year. This was on par with the 34.8 per cent year-on-year drop in May.