news

Global air cargo half-year growth strongest since 2017

5
SHARES

Economic conditions globally and favourable supply chain dynamics are strongly weighted in favour of air cargo, which is proving a lifeline for many airlines as they struggle with passenger travel restrictions.

IATA has released data for global air cargo markets for June showing a 9.9 per cent improvement on June 2019’s pre-pandemic levels.

This pushed first half-year air cargo growth to eight per cent, notably its strongest first half performance since 2017 (when the industry posted 10.2 per cent year-on-year growth).

Significantly, we have seen this growth varying greatly between different regions, with North America driving the biggest growth. North American carriers contributed 5.9 percentage points (ppts) to the 9.9 per cent June total. Middle East carriers contributed 2.1 ppts, European airlines 1.6 ppts, African airlines 0.5 ppts and Asia-Pacific carriers 0.3 ppts, while Latin American carriers did not support the growth, shaving 0.5 ppts off the total.

Overall capacity, measured in available cargo tonne-kilometres (ACTKs), remained constrained at 10.8 per cent below pre-COVID-19 levels (June 2019) due to the ongoing grounding of passenger aircraft. Belly capacity was down 38.9 per cent on June 2019 levels, partially offset by a 29.7 per cent increase in dedicated freighter capacity.

“Air cargo is doing brisk business as the global economy continues its recovery from the COVID-19 crisis,” commented IATA Director General, Willie Walsh.

“With first-half demand eight per cent above pre-crisis levels, air cargo is a revenue lifeline for many airlines as they struggle with border closures that continue to devastate the international passenger business. Importantly, the strong first-half performance looks set to continue.”

Economic conditions globally and favourable supply chain dynamics are strongly weighted in favour of air cargo. The Purchasing Managers Indices (PMIs) show that business confidence, manufacturing output and new export orders are growing at a rapid pace in most economies. Coupled with a record low US inventory to sales ratio, and a considerable drop in the average price of air cargo in relation to container shipping, there is further growth potential for air cargo.

 


SIGN ME UP

 

Stay Connected with International Airport Review — Subscribe for Free!

Get exclusive access to the latest airport and aviation industry insights from International Airport Review — tailored to your interests.

Expert-Led Webinars – Gain insights from global aviation leaders

Weekly News & Reports – Airport innovation, thought leadership, and industry trends

Exclusive Industry Insights – Discover cutting-edge technologies shaping the future of air travel

International Airport Summit – Join our flagship event to network with industry leaders and explore the latest advancements

Choose the updates that matter most to you.

Sign up now to stay informed, inspired, and connected — all for free!

Thank you for being part of our aviation community. Let’s keep shaping the future of airports together!

Share via
Share via
Send this to a friend