IATA has released latest air cargo statistics. As per IATA's bulletin;
- Global air cargo tonne-kilometers (CTKs) dropped by 15.3% year-on-year (YoY) in December. This is also 7.4% lower than the CTKs for the same month in 2019. The industry did not perform as well as expected in a traditional peak season due to multiple headwinds in the current global economy. For the full 2022 calendar year, industry-wide CTKs were 8.0% below 2021 levels and 1.6% below 2019 levels.
- Available cargo tonne-kilometers (ACTKs) contracted by 2.2% YoY in December – the tenth YoY contraction in a row since March 2022. This is mainly a result of airlines responding to supply imbalances from the softening demand.
- Compared to December 2019, North America continued to be the only region fully recovered to pre-pandemic levels in terms of total CTKs. Latin America sustained its lead in the growth of international CTKs among all regions, registering a 2.3% YoY growth in December.
- Inflation in the G7 countries pulled back to 6.8% in December from 7.4% in November - the greatest decline in 2022. Both oil and jet fuel prices declined in December, slightly decreasing the unusually wide jet crack spread.
