Aircraft and transport. IATA: cargo demand softens in September
Oil prices remained stable
![Cargo airplane at an airport](https://avionews.it/resources/big/15e9a1646771b5598bd7192b6d4aafdb.jpg.webp)
The International Air Transport Association (IATA) released data for September 2022 global air cargo markets showing that air cargo demand softened.
Global demand, measured in cargo tonne-kilometers (CTKs), fell 10.6% compared to September 2021 (-10.6% also for international operations), but continued to track at near pre-pandemic levels (-3.6%).
Capacity was 2.4% above September 2021 (+5.0% for international operations) but still 7.4% below September 2019 levels (-8.1% for international operations).
Several factors in the operating environment should be noted:
Following contractions across major economies, the global Purchasing Managers Index (PMI) for new export orders also contracted (for a third month in a row) to its lowest level in two years.
Latest global goods trade figures showed a 5.2% expansion in August, a positive sign for the global economy. This is expected to primarily benefit maritime cargo, with a slight boost to air cargo as well.
Oil prices remained stable in September and the jet fuel crack spread fell from a peak in June.
The Consumer Price Index stabilized in G7 countries in September, but at a decades high level of 7.7%. Inflation in producer (input) prices slowed to 13.7% in August.
AVIONEWS - World Aeronautical Press Agency