Air Cargo Recovery Continues at a Slower Pace in October
The International Air Transport Association (IATA) released October data for global air freight markets showing that air cargo demand continued to improve but at a slower pace than the previous month and remains below previous year levels. Global demand, measured in cargo tonne-kilometers (CTKs*), was 6.2% below previous-year levels in October (-7.5% for international operations). […]
Insufficient Capacity Dampens Air Cargo in August
The International Air Transport Association (IATA) released data for global air freight markets in August showing that improvement remains slow amid insufficient capacity. Demand moved slightly in a positive direction month-on-month; however, levels remain depressed compared to 2019. Improvement continues at a slower pace than some of the traditional leading indicators would suggest. This is […]
IATA: Air cargo sector must act now to overcome the challenges of vaccine distribution
Air cargo has not only been a lifeline for the financially-troubled aviation sector, it has also acted as a lifeline for global society by transporting PPE and medical items around the planet during the Covid-19 pandemic. The sector still faces challenges though, said Glynn Hughes, global head of cargo at IATA, during a conference yesterday […]
IATA outlook: “Cargo is following a fairly typical recession recovery cycle”
Cargo continues to be the bright spot for the aviation sector, IATA revealed in a conference today (last Wednesday) in which the association’s chief economist, Brian Pearce, gave a market update and outlined the role of air cargo during global economic expansion. Pearce explained: “Cargo volumes were hit much less than the passenger business. By […]
IATA Launches Platform to Improve Visibility on Air Cargo Infrastructure and Capabilities
The International Air Transport Association (IATA) has launched IATA ONE Source, an online platform which helps the air cargo industry match shipping needs with the availability of infrastructure capabilities and certifications of service providers across the value chain. This is particularly timely amid the COVID-19 crisis when shippers of medical supplies and pharmaceuticals need accurate […]
The Time to Prepare for COVID-19 Vaccine Transport is Now
The International Air Transport Association (IATA) urged governments to begin careful planning with industry stakeholders to ensure full preparedness when vaccines for COVID-19 are approved and available for distribution. The association also warned of potentially severe capacity constraints in transporting vaccines by air. Preparedness Air cargo plays a key role in the distribution of vaccines […]
CLIVE: Airfreight market improves for fourth consecutive month
The airfreight market has showed signs of improvement for the fourth consecutive month, CLIVE Data Services’ and TAC Index’s latest data has shown. “Year-on-year growth during August showed a further narrowing of the gap in international air cargo volumes to -17% versus August 2019,” the analysts said. By comparison, there was a 41% year-on-year disparity […]
ICAO and UPU urge governments to support air cargo
The International Civil Aviation Organization (ICAO) and the Universal Postal Union (UPU) have urged governments to support the air cargo industry in order to combat the Covid-19 pandemic and aid economic recovery. The two organsiations issued a joint statement to United Nations members urging them to support postal operators, air cargo carriers, and express mail […]
July Air Cargo Demand Stable, Capacity Remains Constrained
The International Air Transport Association (IATA) released data for global air freight markets in July showing air cargo demand is stable but at lower levels than 2019. While there is some month-to-month improvement, it is at a slower pace than some of the traditional leading indicators would suggest. This is due to the capacity constraint […]
Air Cargo Recovery Continues in June but at a Slow Pace
The International Air Transport Association (IATA) released data for global air freight markets in June showing improvement, but at a slower pace than some of the traditional leading indicators would suggest. Global demand, measured in cargo tonne-kilometers (CTKs*), fell by 17.6% in June (-19.9% for international operations) compared to the previous year. That is a […]
