The IATA, the organization for air transportation, released the figures on air transport over 2019. This economic indicator is perfect to see how the economy is doing.
Air cargo had to suffer from lowering growth. With just 0,9% of growth is it not going well. at the same time as capacity increased by 2,9%.
The only area where air cargo went up was in Africa. The rest of the world was seeing less shipment.
Think about this for a moment. Thanks to eCommerce are we getting more packages delivered in the world. So what is happening?
Well, economic activity is down. So with reduced activity are we having just another indicator that the economy is going into bad shape.