IATA: Airfreight demand softens in March due to omicron wave, Ukraine war

March cargo traffic decreased 5.2% YoY

Photo courtesy of BUD

Industrywide cargo traffic in cargo tonne kilometers (CTKs) decreased 5.2% year over year in March as the Ukraine-Russia war continues to drive European capacity loss and China faces ongoing lockdowns and labor shortages. March was already expected to be a challenging month, and indeed, issues like the spread of the COVID-19 variant omicron in China […]

 

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