Global Air Freight Just Suffered Worst Year Since 2009

Global Air Freight Just Suffered Worst Year Since 2009

The International Air Transport Association (IATA) published a new report on Wednesday that showed global air freight markets declined in 2019, suggesting the global economy continues to decelerate. 

Global air freight measured in freight tonne kilometers (FTKs), plunged 3.3% in 2019 over the prior year while available freight tonne-kilometers (AFTK) rose 2.1%.