The International Air Transport Association (IATA), which is the global representative body for the airline industry, has reported that the year-on-year (y-o-y) decline in air cargo demand decelerated over the first five months of this year. In January, the y-o-y drop had been 16.8%, but in May it was 5.2%, giving a year-to-date (in May) fall of 9%. Perhaps ironically, May’s y-o-y decline was slightly worse that the equivalent figure for April, which had been 5%. (In comparison to May 2019, ...
