The International Air Transport Association (IATA) reported a 2.2% decrease in cargo volumes for North American air carriers in September 2023, continuing a trend noticed since the beginning of the year. The air cargo industry experienced significant growth during the COVID-19 pandemic and into 2022, but the fourth quarter of 2022 saw a surprising softening in global air cargo volumes. The challenges persisted in 2023, attributed to a reset in the global economy, higher interest rates, inflation, and lower consumer spending.
In September 2023, North American air cargo carriers, including Cargojet and WestJet Cargo, experienced a 2.2% decrease in cargo volumes, continuing a trend from early 2023. Cargojet, a major Canadian cargo carrier, noted challenges in 2023 attributed to global economic reset and decreased demand. WestJet Cargo, operating four dedicated freighters, aims to maintain cargo volumes close to 2022 levels and is exploring opportunities in the Calgary-Toronto corridor and Cuban imports.
Buffalo Airways, based in Yellowknife, witnessed significant cargo growth since the pandemic, operating a diverse fleet of 55 aircraft. It remains less affected by economic factors in northern regions. Canadian cargo operators are preparing for new opportunities in 2024, with varying strategies to navigate the evolving air cargo market.
Aviation InterTec Services
At Aviation InterTec Services, we are proud to offer our flagship product RAAS as the go-to maintenance management solution for mid-tier commercial fleet operators. Our system was developed specifically to provide comprehensive and integrated functionality at a cost that is within reach of the mid-tier market. RAAS offers powerful features such as automated real-time airframe time updating, electronic technical dispatch, MPD/MRB driven program management, and paperless/e-signature maintenance processes, all in a scalable, intelligent, and 100% browser-based package.
Our customers have experienced firsthand the benefits of increased efficiency and reduced costs through our easy-to-use inventory management and maintenance support system. With RAAS, you can expect quick deployment, ease of support, and low TCO, all while providing a scalable, efficient, and intelligent maintenance management system. Trust RAAS to provide you with the tools you need to streamline your maintenance processes, reduce costs, and ensure the safety and reliability of your fleet.