- Air freight volume fell 4.5% year-over-year (YoY) in September — the eleventh straight month in which volume either fell or remained flat, according to the most recent numbers from the International Air Transport Association (IATA).
- The air freight sector continues to add capacity, growing by 2% YoY. This is down from 3.2% growth in August as some airlines cut capacity to better align with demand, IATA suggested.
- "The US-China trade war continues to take its toll on the air cargo industry," IATA Director General and CEO Alexandre de Juniac said in a statement. "October's pause on tariff hikes between Washington and Beijing is good news. But trillions of dollars of trade is already affected, which helped fuel September's 4.5% year-on-year fall in demand."