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Global Air Cargo Demand Plummet

Data released by the International Air Transport Association (IATA) for global air freight markets in April showed that demand dropped by 27.7% compared to the same period in 2019 – the sharpest fall ever recorded. However, there was still insufficient capacity to meet demand as a result of the loss of belly cargo operations on passenger aircraft. • Global demand, measured in cargo tonne-kilometres (CTKs), fell by 27.7% in April compared to the previous year (-29.5% for international markets). •…

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