Air, Freight News

Air cargo demand recovers but space shrinks

[ March 2, 2021   //   Chris ]

Air cargo demand returned to pre-Covid levels in January 2019 for the first time since the onset of the crisis, said the International Air Transport Association (IATA) in its latest figures. January demand also showed strong month-to-month growth over December 2020 levels, it added. Global demand was up 1.1.% compared to January 2019 and +3% compared to December 2020. All regions saw month-on-month improvement in air cargo demand, and North America and Africa were the strongest performers. But the recovery in global capacity was reversed owing to new cuts in passenger flights. Capacity shrank 19.5% compared to January 2019 and fell 5% compared to December 2020, the first monthly decline since April 2020.

Tags: IATA