IATA Launches EPIC to Enhance Digital Collaboration Across the Air Cargo Industry
The International Air Transport Association (IATA) today announced the launch of the IATA Enhanced Partner Identification and Connectivity (EPIC) platform to support the digitization of the global air cargo supply chain. EPIC simplifies the complex process of making digital connections across the air cargo value chain including enabling the efficient exchange of critical information such […]
January Air Cargo Demand Recovers to pre-COVID Levels
The International Air Transport Association (IATA) released January 2021 data for global air cargo markets showing that air cargo demand returned to pre-COVID levels (January 2019) for the first time since the onset of the crisis. January demand also showed strong month-to-month growth over December 2020 levels. Because comparisons between 2021 and 2020 monthly results […]
Cargo Airlines Go On Spending Spree As Passenger Planes Stay Grounded
2020 may have been a bust for commercial passenger airlines, with 2021 not looking much brighter, but it’s a different ballgame for cargo airlines. There was a big demand for air cargo in 2020, and that’s staying strong. The demand is fuelled by disruptions to normal supply chains and a huge increase in e-commerce. While […]
Air Cargo Demand Improves in November, Capacity Remains Constrained
The International Air Transport Association (IATA) released data for global air freight markets in November showing that freight volumes improved compared to October, but remain depressed compared to 2019. Capacity remains constrained from the loss of available belly cargo space as passenger aircraft remain parked. Global demand, measured in cargo tonne-kilometers (CTKs*), was 6.6% below […]
New ICAO-LACAC air cargo liberalization agreement to bolster regional vaccine transport long-term recovery
As part of their regional strategies for COVID-19 response and aviation recovery, ICAO’s two Regional Offices for the Americas (SAM and NACC) have contributed to the development and emergence of the Latin American Civil Aviation Commission (LACAC)’s new multilateral agreement to liberalize air cargo services in the region. The agreement comes into effect immediately among […]
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 […]
