The International Air Transport Association (IATA) released data indicating that cargo traffic, measured in freight tonne kilometers (FTKs), decreased by 3.9% year-over-year in August. Year-to-date traffic is down 3.3% y-o-y. The further decline in traffic from last month suggests that downward pressure on air cargo intensified in August, despite the modest uptick seen in July. Freight capacity rose 2.0% y-o-y in […]
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