Global air cargo demand up 9pc in February against pre-Covid levels
THE International Air Transport Association (IATA) has declared that global air cargo demand went up nine per cent in February compared to pre-Covid crisis levels, reports Asian News International, New Delhi
16 April 2021 - 04:20
Meanwhile, Asia Pacific airlines saw demand for international air cargo rise 10.5 pc in February. International capacity continued to be restrained in the region, down 23.6 per cent.
The region's airlines reported the highest international load factor at 77.4 per cent. Volumes have also returned to 2018 levels seen prior to the US-China trade war.
Capacity shrank 14.9 per cent compared to February 2019. Meanwhile, the global manufacturing Purchasing Managers' Index (PMI) was at 53.9 in February. Results above 50 indicate manufacturing growth versus the prior month.
'Air cargo demand is not just recovering from the Covid-19 crisis, it is growing. With demand at nine per cent above pre-crisis levels (February 2019), one of the main challenges for air cargo is finding sufficient capacity,' said IATA's director general Willie Walsh.
'Understanding how passenger demand could recover will indicate how much belly capacity will be available for air cargo. Being able to efficiently plan that into air cargo operations will be a key element for overall recovery,' said Mr Walsh.
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