16 August 2022
Canadian Custom Brokerage

Global air cargo demand tended to stabilize in June

The International Air Transport Association (IATA) released June 2022 data on global air cargo markets.

Global demand, measured in cargo tonne-kilometers, was 6.4% below June 2021 levels (-6.6% for international operations). IATA notes that this was an improvement on the year-on-year decline of 8.3% seen in May. Global demand for the first half-year was 4.3% below 2021 levels (-4.2% for international operations). Compared to pre-COVID levels (2019) half-year demand was up 2.2%.

Capacity was 6.7% above June 2021 (+9.4% for international operations). This was an increase on the 2.7% year-on-year growth recorded in May. Capacity for the first half-year was up 4.5% (+5.7% for international operations) compared to first half-year of 2021. Compared to pre-COVID levels demand was up 2.5%.

Asia-Pacific airlines saw their air cargo volumes decrease by 2.1% in June 2022 compared to the same month in 2021. This was a significant improvement over the 6.6% decline in May. North American carriers posted a 6.3% decrease in cargo volumes in June 2022 compared to June 2021. European carriers saw a 13.5% decrease in cargo volumes in June 2022 compared to the same month in 2021. Middle Eastern carriers experienced a 10.8% year-on-year decrease.

Latin American carriers reported an increase of 19.6% in cargo volumes compared to June 2021. This was the strongest performance of all regions. African airlines saw cargo volumes increase by 5.7%.

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