The International Air Transport Association (IATA) released data for July 2023 global air cargo markets, showing a continuing trend of recovering growth rates since February. July air cargo demand was tracking just 0.8% below the previous year’s levels. The difference between the annual growth rates of air cargo and the global goods trade narrowed to -0.8 percentage points in June. Many fundamental drivers of air cargo demand, such as trade volumes and export orders, remain weak or are deteriorating. Asia-Pacific airlines saw their air cargo volumes increase by 2.7% in July 2023 compared to the same month in 2022.

Source: The North Africa Journal September 06, 2023 06:01 UTC