March sees air cargo growth slow to lowest level in 22 months

Air cargo growth slipped to its lowest level in 22 months in March, with IATA citing the end of an inventory re-stocking cycle as the main reason for the slowdown. The latest figures from IATA show that air cargo traffic in freight tonne km (FTK) terms increased by 1.7% in March, while capacity increased by 4.4% – marking the first time in 20 months that supply grew ahead of demand. The total cargo load factor for the month stood at 46.4% compared with 47.6% a year earlier.

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