African airlines posted a 2.4% decrease in demand compared to May 2022, according to the International Air Transport Association’s (IATA) latest analysis. Asia-Pacific airlines saw their air cargo volumes decrease by 3.3% in May 2023 compared to the same month in 2022. European carriers experienced a 6.7% decrease in cargo volumes in May 2023, compared to the same month in 2022. The decline in international cargo traffic on markets within-Europe also improved from -16.2% in April to -7.8% this month (seasonally adjusted). Latin American carriers had the only positive performance in May 2023 posting a 3.6% increase in cargo volumes compared to May 2022.

Source: News Business Ethiopia July 05, 2023 12:26 UTC