03 September 2021

AIR CARGO REMAINS STRONG IN JULY

On 31 August, the International Air Transport Association (IATA) released data for global air cargo markets in July 2021, showing that demand continued its strong growth trend.  

According to IATA, July was the third consecutive months of relative stability in air cargo growth. Industry-wide cargo tonne-kilometres (CTKs) rose by 8.6% in July compared to the pre-crisis month of July 2019, a minor deterioration from the 9.2% increase in June. Overall growth remained strong compared to the long-term average growth trend of around 4.7%. Capacity continued to recover with industry-wide available cargo tonne-kilometres (ACTKs) down 10.3% compared to July 2019, after an 11.8% decline in June.  

In July, the industry-wide cargo load factor grew by 9.5 percentage points (ppts) compared to the same month in 2019, to reach 54.4%. This represents a record-high value for any months of July, showing that the market remains exceptionally tight. 

Source: IATA