Global air cargo demand fell by 15% in March; pharma doubled

Pharma Sector

Global air cargo demand fell by 15% in March; pharma doubled

According to data released by the International Air Transport Association (IATA), the global demand for air cargo, measured in tonne-kilometers of cargo (CTKs), fell by 15.2 percent in March compared to the previous year (-15.8 percent for international markets), while demand for pharmaceutical shipments that are critical to combating Covid-19.

Global capacity, estimated in tonne-kilometers of usable cargo (ACTKs), declined by 22.7 per cent in March relative to the previous year (-24.6 per cent in foreign markets). Air freight accounts for 87 per cent in export markets. In March, belly potential for foreign air freight fell by 43.7 per cent relative to the previous year. This was partly balanced by an improvement in capability of 6.2 percent by increased freighter aircraft use, including the use of unused commercial aircraft for all-cargo operations.

src: itln.in

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