IATA reports 12 months of declining airfreight volumes, 2019 'a very tough year'
IATA reported (04-Dec-2019) global FTKs decreased 3.5% year-on-year in Oct-2019, marking "a weak start to the traditional peak season" and the 12th consecutive month of declines in freight volumes. AFTKs increased 2.2%, marking the 18th consecutive month in which capacity has outgrown demand. IATA stated: "Over the past year, air cargo has suffered from the effects of the trade war between the US and China, the deterioration in global trade, and a broad-based slowing in economic growth". Director general and CEO Alexandre de Juniac commented: "Air cargo's peak season is off to a disappointing start... Demand is set to decline in 2019 overall - the weakest annual outcome since the global financial crisis. It has been a very tough year for the air cargo industry". [more - original PR]