Air cargo operators are looking ahead to a mixed picture in 2023. The extremes of the pandemic, namely a surge in demand and major squeeze on capacity, are behind them, and economic factors are likely to further hamper demand, but e-com-merce should support the market in the long-term.The International Air Transport Association's (IATA) latest set of figures for October, released in late November, show that global demand, measured in cargo ton kilometers, fell 13.6 compared with October 2021.At a media briefing in Geneva on Dec. 7, IATA predicted 2022 would finish with an 8 decline in cargo volume, and it forecast a further 4 decline in 2023, with many economic and trade indicators pointing to a period of softer demand ahead."The decline that we're seeing in cargo volumes is widespread," Andrew Matters, IATA's head of policy analysis, said during the Dec. 7 meeting. "It's happening across all regions. That's not surprising when you think about the global headwinds."
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