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When compared to August of last year, the indicator in tonne-kilometers climbed by 1.5%.
"The first year-over-year growth in 19 months is unquestionably welcome news," said IATA Director General Willie Walsh. "However, the comparison is made using a shaky 2022 base, and market signals are conflicting."
Particularly, the research states that worldwide cross-border commerce declined for the fourth consecutive month in July, down 3.2% year over year, reflecting weaker demand and an overall worsening of macroeconomic conditions.
When compared to the same month last year, cargo traffic on airlines in the Asia-Pacific region increased by 4.9%, that in Latin America by 6.2%, and that in the Middle East by 1.4%. In the meantime, carriers in North America cut traffic by 1.2%, those in Europe by 0.2%, and those in Africa by 4.7%.
source: iata.org
"The first year-over-year growth in 19 months is unquestionably welcome news," said IATA Director General Willie Walsh. "However, the comparison is made using a shaky 2022 base, and market signals are conflicting."
Particularly, the research states that worldwide cross-border commerce declined for the fourth consecutive month in July, down 3.2% year over year, reflecting weaker demand and an overall worsening of macroeconomic conditions.
When compared to the same month last year, cargo traffic on airlines in the Asia-Pacific region increased by 4.9%, that in Latin America by 6.2%, and that in the Middle East by 1.4%. In the meantime, carriers in North America cut traffic by 1.2%, those in Europe by 0.2%, and those in Africa by 4.7%.
source: iata.org
