BRIEF-Air Cargo Demand Down 3.3% In January – IATA

March 4 (Reuters) – IATA:

* JANUARY DEMAND, MEASURED IN CARGO TONNE KILOMETERS (*CTKS), DECREASED BY 3.3% IN JANUARY 2020, COMPARED TO THE SAME PERIOD IN 2019 – IATA

* CARGO CAPACITY, MEASURED IN AVAILABLE CARGO TONNE KILOMETERS (ACTKS), ROSE BY 0.9% YEAR-ON-YEAR IN JANUARY 2020- IATA

* IT IS UNLIKELY THAT THE COVID-19 OUTBREAK HAD VERY MUCH TO DO WITH JANUARY’S WEAK PERFORMANCE – IATA

* THERE WAS OPTIMISM THAT AN EASING OF US-CHINA TRADE TENSIONS WOULD GIVE THE SECTOR A BOOST IN 2020. BUT THAT HAS BEEN OVERTAKEN BY THE COVID-19 OUTBREAK- IATA CEO

* TOUGH TIMES ARE AHEAD. THE COURSE OF FUTURE EVENTS IS UNCLEAR, BUT THIS IS A SECTOR THAT HAS PROVEN ITS RESILIENCE TIME AND AGAIN – IATA CEO Source text: (Gdansk Newsroom)