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On September 1, IATA published the July 2020 Air Cargo Market Analysis.

Industry-wide cargo tonne-kilometres (CTKs) declined by 13.5% year-on-year in July. CTKs adjusted for seasonality grew 2.6% month-on-month in July, similar to the pace of improvement seen in June (3.0%).

Despite growing uncertainty in COVID-19 developments, economic activity continued to recover in July. Indicators such as manufacturing output and new export orders are improving. July’s CTK performance is weaker than expected based on economic activity. But new export orders – a leading indicator for air cargo – show that CTKs should continue to improve in the coming period.

This divergence between economic activity and air cargo is partly due to the shortage of air cargo capacity. Total available cargo tonne-kilometres (ACTKs) fell by 31.2% year-on-year in July, a small improvement from June (33.4%).

 

Source: IATA

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