IATA - Cargo Chartbook Q3 2019

Weak air freight in face of tariff battles and shrinking trade • Demand for air freight has been dragged down by fall in world trade following a series of tariff increases. Annual growth in industry-wide air freight kilometres (FTKs) remained negative at -3.8% in the three months ended July – the weakest performance for two consecutive quarters since early-2012. With freight capacity increasing 1.8% over the same period, the modest downward trend in the load factor has continued. Cargo yields including fuel and surcharges continue to ease and are currently 7.8% lower compared to July 2018.  … read more