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News 2022


September 2022 IATA Air Freight Market Analysis

Published November 7. IATA Economic Reports.

Cargo volumes decline


Highlights

  • September industry-wide cargo tonne-kilometers (CTKs) were 10.6% lower than a year ago, and the seasonally adjusted CTKs also contracted by 1.5% compared with the previous month.
  • The increase in available cargo tonne-kilometers (ACTKs) further slowed in September to just 2.4% year-on-year (YoY), driven by the softening air cargo demand. This in turn contributed to a 1.4 percentage point increase in the average industry load factor compared with August.
  • International CTKs experienced the same YoY contraction as the industry total CTKs in September, declining by 10.6%. This was mainly driven by the negative YoY growth in the Middle East, Europe, and Asia Pacific. Latin America continued to be the strongest performer in September, with international CTKs increasing by 13.2% YoY.
  • International export demand remains weak. New export orders continue to shrink on a global level in September, when Germany saw the largest contraction since the onset of the pandemic.

Positive growth in Africa continues

African airlines saw cargo volumes increase by 0.1% in September 2022 compated to September 2021. Africa experienced a slight decrease in the growth recorded the previous month (1%). Capacity was 4.1% below September 2021 levels.


CTK activity softened further in September

Industry-wide cargo tonne-kilometers (CTKs) in September were 20.33 billion, just a minor decline compared with the previous month at 20.36 billion. Although this is a 10.6% decrease YoY, air cargo activity continued to track at near pre-pandemic levels (-3.6% compared with the same month in 2019). Seasonally adjusted (SA) air cargo demand also contracted by 1.5% compared with August. Download the full report.