GLOBAL air cargo markets showed an improvement in May with the cargo tonne-kilometres (CTKs) hitting 8.3 per cent, reports Bahrain's TradeArabia.
It was an improvement on the year-on-year decline of 9.1 per cent seen in April, according to a report by the International Air Transport Association (IATA).
The easing of Covid restrictions in China helped alleviate supply chain constraints.
According to IATA, the global cargo growth returned to year-on-year traffic comparisons.
The global capacity was 2.7 per cent above May 2021. It is more than offset the 0.7 per cent year-on-year drop in April.
Meanwhile, the war in Ukraine continues to impair cargo capacity used to serve Europe.
'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.'
Asia-Pacific airlines saw their air cargo volumes decrease 6.6 per cent in May compared to the same month in 2021.
It was a significant improvement over the 15.8 per cent decline in April.
SeaNews Turkey
It was an improvement on the year-on-year decline of 9.1 per cent seen in April, according to a report by the International Air Transport Association (IATA).
The easing of Covid restrictions in China helped alleviate supply chain constraints.
According to IATA, the global cargo growth returned to year-on-year traffic comparisons.
The global capacity was 2.7 per cent above May 2021. It is more than offset the 0.7 per cent year-on-year drop in April.
Meanwhile, the war in Ukraine continues to impair cargo capacity used to serve Europe.
'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.'
Asia-Pacific airlines saw their air cargo volumes decrease 6.6 per cent in May compared to the same month in 2021.
It was a significant improvement over the 15.8 per cent decline in April.
SeaNews Turkey