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Full-year air cargo demand reached a level just slightly below 2022 and 2019

Asia-Pacific airlines saw cargo volumes increase 13.8% in November 2023 compared to November 2022

Cargo yields up 2.6% month-on-month in October after a continuous 17-month decline, well-above pre-pandemic levels

Capacity, measured in available cargo tonne-kilometres, was up 12.1% compared to September 2022

Asia-Pacific airlines saw cargo volumes increase by 4.9% in August 2023 compared to the same month in 2022

Safety leaders from more than 20 airlines including Air Canada, Air India, Cathay and United are the first signatories

Latin American carriers had the strongest performance in June with a 7.3% increase in volumes year-on-year

North American carriers saw the weakest performance for the third consecutive month with 8.1% decline in volumes

Yields will be negatively impacted by two factors: (1) increased available belly capacity for cargo and (2) the negative effects of economic cooling...

The strong uptick is driven by belly capacity as demand in the passenger business recovers. Freighter capacity declined 2.3%.

Global demand dropped 7.5%, half the rate of decline seen in previous two months (-14.9% and -15.3%, respectively).

Compared to pre-Covid levels (Nov 2019), there was a smaller contraction in demand (-10%) while capacity was down 9%