Capacity was 4.1% below March 2022 levels. Africa to Asia routes experienced significant cargo demand growth in March.

Global demand, measured in cargo tonne-kilometres (CTKs), fell 7.7% in March compared to March 2022 (-8.1% for international operations).

Airlines are getting help in managing through the volatility with yields that have remained high and fuel prices that have moderated from exceptionally high levels. Looking ahead, with inflation reducing in G7 countries, policy makers are expected to ease economic cooling measures and that would stimulate demand: Willie Walsh, IATA

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