L L News & Industry Affairs / IATA
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- Sept 7. July Passenger Demand Remains Strong
- Sept 7. Air Cargo Tracks Near Pre-COVID Levels
- Published Sept 7. July Passenger Market Analysis
- Published Sept 7. July Air Freight Market Analysis
- Aug 5. African airlines see 103.6% rise in demand for passenger travel
- Aug 4. Africa air cargo volumes increase by 5.7% in June
- Published Aug 4. June Air Passenger Market Analysis
- Published Aug 3. June Air Freight Market Analysis
- July 11. Travel demand rises by 135% in Africa in May
- July 7. International travel drives May air traffic recovery
- July 7. May air cargo buoyed by easing of Omicron restrictions in China
- Published July 7. May Air Passenger Market Analysis
- Published July 7. May Air Freight Market Analysis
- June 10. Air travel continues on recovery trend, Africa passenger traffic surges 116.2% YOY
- June 10. Strong international air traffic propels air travel recovery
- Published June 9. April Air Passenger Market Analysis
- June 8. IATA optimistic on air cargo despite current challenges
- Published June 8. April Air Freight Market Analysis
- May 6, 2022. Low vaccination rates take toll on African airlines
- Published May 4. March Air Passenger Market Analysis
- Published May 3. March Air Freight Market Analysis
- May 4,. Pent-up demand for air travel ‘finally being realised’ but IATA warns on airport delays
- May 4. IATA reports drop in global air cargo demand
- May 4. IATA: War in Ukraine, Omicron weigh on air cargo
- April 6. African airlines’ passenger capacity increased by 34.7% in February
- April 6. African airlines outperform global peers in air cargo growth
- March 11. IATA: Omicron restrictions dinged January air recovery
- March 1. IATA projects full air passenger recovery in 2024
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Published August 3, 2022. IATA Economic Reports.
Cargo volumes stabilize
- Seasonally adjusted cargo tonne-kilometers (CTKs) increased by 0.7% in the month of June, following a flat outturn last month. Compared with a year ago, June CTKs were 6.4% lower, a modest improvement from the 8.7% decline in May. Available cargo tonne-kilometers (ACTKs) increased by 6.7% year-on-year (YoY).
- Latin America and Africa are the only two regions currently showing a YoY increase in air cargo traffic, of 19.6% and 5.7% YoY, respectively. Two consecutive solid monthly increases for Asia Pacific CTKs are positive developments, coinciding with the easing of lockdown restrictions in China.
- The easing of restrictions in China and reduced disruption in global supply chains is likely to be good news for world trade and air cargo volumes in coming months. However, the impact of high inflation and rising interest rates will work against this expected recovery.
Africa's air cargo volumes increase
African airlines were the only other region where cargo volumes increased over the past year; CTK growth was a solid 5.8% YoY, returning to a positive rate after two months of declines. This is mainly driven by the European and Asian routes, with growth rates 6.2% and 5.3% respectively.
CTK volumes continue to stabilize in June
Global cargo tonne-kilometers (CTKs) fell 6.4% YoY in June. This is a slightly better performance than in May, (-8.3% YoY). The recent declines in seasonally adjusted (SA) air cargo volumes paused in May and showed a solid 0.7% month-on-month (MoM) gain in June. However, it is too soon to call a recovery.
Although China has eased the Omicron-related lockdowns, other headwinds including infrastructure and labour supply constraints persist. In addition, the ongoing conflict in Ukraine still affects cargo capacity, with a number of important air cargo carriers directly impacted.
Trade activity continues to rebound as supply constraints ease but mostly focused on maritime
Global goods trade recovered further in May, (Chart 2) due mainly to strong volumes in emerging regions such as Latin America, but also the euro area and China. Further easing of COVID-19 restrictions in China including factory re-openings will support the global trade recovery in coming months.
However, most of the uptake in trade is supported by maritime that has been growing in line with the global trade. Download the full report.