THE easing of Covid crisis restrictions has allowed supply production to resume, adding to demand in the air cargo industry, reports London's Simply Flying.
The International Air Transport Association (IATA) released a statement that contained May 2022 data for global air cargo markets.
The report found that easing the restrictions in China aided in the growth of supply which is expected to grow the entire industry.
The data showed that global air cargo was down 8.3 per cent from May 2021, which is better than the 9.1 per cent decrease in April.
'May offered positive news for air cargo, most notably because of the easing of some Omicron restrictions in China. On a seasonally adjusted basis, we saw growth (0.3 per cent) after two months of decline,' said IATA director general Willie Walsh.
'The return of Asian production as Covid-19 measures eased, particularly in China, will support demand for air cargo. And the strong rebound in passenger traffic has increased belly capacity, although not always in the markets where the capacity crunch is most critical. But uncertainty in the overall economic situation will need to be carefully watched.'
SeaNews Turkey
The International Air Transport Association (IATA) released a statement that contained May 2022 data for global air cargo markets.
The report found that easing the restrictions in China aided in the growth of supply which is expected to grow the entire industry.
The data showed that global air cargo was down 8.3 per cent from May 2021, which is better than the 9.1 per cent decrease in April.
'May offered positive news for air cargo, most notably because of the easing of some Omicron restrictions in China. On a seasonally adjusted basis, we saw growth (0.3 per cent) after two months of decline,' said IATA director general Willie Walsh.
'The return of Asian production as Covid-19 measures eased, particularly in China, will support demand for air cargo. And the strong rebound in passenger traffic has increased belly capacity, although not always in the markets where the capacity crunch is most critical. But uncertainty in the overall economic situation will need to be carefully watched.'
SeaNews Turkey
