Iata reports ‘positive news’ for global air cargo sector in May

July 11, 2022

Home » Iata reports ‘positive news’ for global air cargo sector in May
The International Air Transport Association (Iata), which is the global representative body of the airline industry, has reported that the air cargo sector saw an improvement in its performance during May this year. Although global air cargo demand in May was 8.3% down in year-on-year (y-o-y) terms, this was still an improvement on the y-o-y decline of 9.1% recorded in April. “May offered positive news for air cargo, most notably because of the easing of some [Covid-19] Omicron restrictions in China,” highlighted Iata director-general Willie Walsh. “On a seasonably adjusted basis, we saw growth (0.3%) after two months of decline. The return of Asian production as Covid-19 measures eased, particularly in China, will support demand for air cargo. And the strong rebound in passenger traffic has increased belly capacity, although not always in the markets where the capacity crunch is most critical. But uncertainty in the overall economic situation will need to be carefully watched.� ....

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