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“Stellar year” for air cargo: IATA report
January 27th 2022
Total cargo freight tonne kilometres (CTK), a measure of demand, at Asia-Pacific carriers was up 4.1% in December compared with the same month in 2019, figures from the International Air Transport Association (IATA) report. Read More » "Airlines in the Asia-Pacific struggled with a lack of capacity, down 17.1% in 2021 versus 2019," IATA said. "Demand for goods made in the region was nevertheless strong, including for PPE in November and December." Global CTKs were up 8.9% in December compared with two years earlier, while ACTKs were 4.7% lower. IATA director general, Willie Walsh, said air cargo had a "stellar year" in 2021, providing a vital source of revenue as passenger demand remained depressed due to COVID-19 travel restrictions. "Growth opportunities however were lost due to the pressures of labour shortages and constraints across the logistics system," Walsh said. "Overall, economic conditions do point to a strong 2022."
