The International Air Transport Association (IATA) released April 2022 data for global air cargo markets showing a drop in demand and contraction in capacity. The effects of Omicron in Asia and the Russia–Ukraine war continue to create a challenging operating backdrop that is driving the decline.
Note: We returned to year-on-year traffic comparisons, instead of comparisons with the 2019 period, unless otherwise noted.
- Global demand, measured in cargo tonne-kilometers (CTKs*), fell 11.2% compared to April 2021(-10.6% for international operations). Global demand is down 1% compared to April 2019.
- Capacity was 2% below 2021 (+1.2% for international operations). Both global capacity and international capacity decreased slightly in April compared to March. Asia experienced the largest falls in capacity.