The air cargo industry failed to register an increase in demand in November for the first time since March 2016 in what has been described as a big disappointment. The latest figures from airline association IATA show that cargo traffic was flat in November compared with a year earlier, following 31 consecutive months of year-on-year increases.
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Air cargo volumes for November bucked normal seasonal trends and declined compared with October levels. The latest figures from analyst WorldACD show that there was a 1.4% year-on-year (YoY) decline in cargo volumes in November, but more surprisingly there was a slip of 2% compared with October. Usually air cargo demand increases in November as the industry enters its peak season.