Regular data on the global air cargo market for April, 2023 by the International Air Transport Association (IATA) , showed that demand for air cargo continued to fall year on year but at a slower pace. Global air cargo demand, as measured by tonnage kilometers (CTKS) , fell 6.6 percent year-on-year in April 2022(while international demand fell 7.0 percent) . Month-on-month improvement (down 7.6 per cent) . Capacity (metric kilometres of usable cargo, ACTK) increased 13.4% year-on-year in April 2022. Capacity was up 3.2 per cent compared with April 2019 and exceeded pre-pandemic levels for the first time in three years. The strong growth was mainly due to the recovery of passenger demand and the growth of belly space capacity. On an adjusted basis, freight capacity fell 2.3 per cent. Passenger goods after 2 and a half years of operation, in March draw a break. A key indicator of air cargo operating conditions changed: global merchandise trade rose 0.2 per cent in March, its first annual increase since November 2022. Consumer and producer price inflation slowed. April's headline CPI Consumer Price Index inflation at 5.0 per cent in the US, 0.3 per cent in China and 3.5 per cent in Japan. Although higher in Europe (8.1%) , it is well below its October 2022 peak (11.5%) . “Air cargo is in the process of adjusting to the impact of passenger demand recovering and growth in belly space,” said Mr. Wily Walsh, president of the International Air Transport Association. Passenger-to-cargo operations stopped in March and freight services shrank 2.3 per cent in April. The requirements environment is not easy to read. The fall in inflation is certainly a positive factor, but the extent and speed of the decline and whether it will lead to loose monetary policy to stimulate demand is unclear. Resilience to help air cargo through the crisis is also important in the post-pandemic era,” source: Civil Aviation Network of China