THE International Air Transport Association (IATA) released data for July 2022 global air cargo markets, showing demand is near pre Covid crisis levels being down 3.5 per cent, while below July 2021 performance at 9.7 per cent.
Capacity was 3.6 per cent above July 2021, but 7.8 per cent below July 2019 levels. New export orders decreased in all markets, except China which began a sharp upward trend in June.
The war in Ukraine continues to impair cargo capacity used to serve Europe as several airlines based in Russia and Ukraine were key cargo players, said IATA.
'Air cargo is tracking at near 2019 levels although it has taken a step back compared to the extraordinary performance of 2020-2021,' said IATA director general Willie Walsh.
'Volatility resulting from supply chain constraints and evolving economic conditions has seen cargo markets essentially move sideways since April. July data shows us that air cargo continues to hold its own, but as is the case for almost all industries, we'll need to carefully watch both economic and political developments over the coming months,' Mr Walsh said.
Asia-Pacific airlines saw their air cargo volumes decrease nine per cent in July 2022 compared to the same month in 2021.
It was a significant decrease over the 2.1 per cent decline in June. North American carriers saw a 5.7 per cent decrease in cargo volumes in July 2022 compared to the same month in 2021. It was an improvement over the 13.5 per cent decline in June.
European carriers saw a 17 per cent decrease in cargo volumes in July 2022 compared to the same month in 2021.
Middle Eastern carriers experienced a 10.9 per cent year-on-year decrease in cargo volumes in July 2022.
Latin American carriers saw an increase of 9.2 per cent in cargo volumes in July 2022 compared to July 2021. African airlines saw cargo volumes decrease 3.5 per cent in July 2022 compared to July 2021.
SeaNews Turkey
Capacity was 3.6 per cent above July 2021, but 7.8 per cent below July 2019 levels. New export orders decreased in all markets, except China which began a sharp upward trend in June.
The war in Ukraine continues to impair cargo capacity used to serve Europe as several airlines based in Russia and Ukraine were key cargo players, said IATA.
'Air cargo is tracking at near 2019 levels although it has taken a step back compared to the extraordinary performance of 2020-2021,' said IATA director general Willie Walsh.
'Volatility resulting from supply chain constraints and evolving economic conditions has seen cargo markets essentially move sideways since April. July data shows us that air cargo continues to hold its own, but as is the case for almost all industries, we'll need to carefully watch both economic and political developments over the coming months,' Mr Walsh said.
Asia-Pacific airlines saw their air cargo volumes decrease nine per cent in July 2022 compared to the same month in 2021.
It was a significant decrease over the 2.1 per cent decline in June. North American carriers saw a 5.7 per cent decrease in cargo volumes in July 2022 compared to the same month in 2021. It was an improvement over the 13.5 per cent decline in June.
European carriers saw a 17 per cent decrease in cargo volumes in July 2022 compared to the same month in 2021.
Middle Eastern carriers experienced a 10.9 per cent year-on-year decrease in cargo volumes in July 2022.
Latin American carriers saw an increase of 9.2 per cent in cargo volumes in July 2022 compared to July 2021. African airlines saw cargo volumes decrease 3.5 per cent in July 2022 compared to July 2021.
SeaNews Turkey