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Air cargo demand strengthens in July 2023 despite challenges

July 2023 global air cargo data shows a continuing trend of recovering growth rates since February with demand tracking just 0.8% below previous-year levels.

Although demand is almost flat compared to 2022, this is an improvement on recent months’ performance, particularly significant given declines in global trade & rising concerns over China’s economy.

Source: International Air Transport Association (IATA)