Marco Bloeman, managing director at Seabury Cargo, spoke about air cargo market dynamics at the IATA WCS. Photo: IATA

Air cargo demand is softening as capacity is recovering, according to new analysis.

Speaking at the 2022 IATA Word Cargo Symposium (WCS) opening plenary, Marco Bloeman, managing director at Seabury Cargo, said that while freighter capacity is strong on most trade lanes, apart from Europe-Asia, demand has recently decreased.

Most trade lanes are experiencing a “significant” decline of air trade and this has resulted in flat growth rate in the year to date.

Bloeman said that air trade growth began falling in April and in July was -7%, based on the largest exporting and importing countries.

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