IATA: War in Ukraine and Omicron weigh on air cargo –
The International Air Transport Association (IATA) released March 2022 data for global air cargo markets showing a drop in demand. The effects of Omicron in Asia, the Russia – Ukraine war and a challenging operating backdrop contributed to the decline. Global demand, measured in cargo ton-kilometers (CTKs*), fell 5.2% compared to March 2021 (-5.4% for international operations). Capacity was 1.2% above March 2021 (+2.6% for international operations). While this is in positive territory, it is a significant decline from the 11.2% […]
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