Growth continues in July, says IATA

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The UN`s International Civil Aviation Headquarters also has its global head office here next to IATA.

Global air cargo markets continued their strong growth in July, according to the latest figures from the International Air Transport Association (IATA).

Global demand, measured in cargo tonne-kilometers (CTKs), was up 8.6% compared to July 2019. (Comparisons between 2021 and 2020 monthly results are distorted by Covid-19).

Overall growth remains strong compared to the long-term average growth trend of around 4.7%.

But the pace of growth slowed slightly compared to June which saw demand increase 9.2% (against pre-COVID-19 levels).

Capacity continues to recover but is still 10.3% down compared to July 2019.

North American carriers posted a 20.5% increase in international demand in July 2021 compared to July 2019. This was in line with June’s performance (19.8%) and the strongest of all regions. New export orders and demand for faster shipping times are underpinning the North American performance.

European carriers posted a 6.0% increase in demand in July 2021 compared to the same month in 2019. This was a marginal decrease compared to the previous month (6.8%). But manufacturing activity, orders and supplier delivery times are still favorable to air cargo.

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