AIR CARGO UP 7.7% IN AUGUST COMPARED TO PRE-COVID LEVELS
On 29 September, the International Air Transport Association (IATA) released data for global air cargo markets in August 2021, showing that demand continued its strong growth trend, whilst pressure on capacity is rising.
According to the figures, global demand, measured in cargo tonne-kilometres (CTKs), was up 7.7% compared to August 2019. Overall, growth remains strong compared to the long-term average growth trend of around 4.7%. The pace of growth slowed slightly compared to July, which saw demand increase 8.8% (against pre-COVID-19 levels). Simultaneously, cargo capacity recovery paused in August, being down 12.2% compared to August 2019. In month-on-month terms, capacity fell by 1.6%, representing the largest drop since January 2021.
Source: IATA