L L News & Industry Affairs / IATA
L / 2022
- 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
- Published April 6. February Air Passenger Market Analysis
- Published April 6. February Air Freight Market Analysis
- March 11. IATA: Omicron restrictions dinged January air recovery
- Published March 10. January Air Passenger Market Analysis
- Published March 9. January Air Freight Market Analysis
- March 1. IATA projects full air passenger recovery in 2024
- Published January 25. December 2021 Air Passenger Market Analysis
- Published January 25. December 2021 Air Freight Market Analysis
- February 1. New research shows EU travel restrictions had little impact on Omicron spread
- January 26. International airline body calls for countries to more rapidly lift travel restrictions
- January 25. Accelerate easing of travel restrictions
L / 2022
Published April 6, 2022. IATA Economic Reports.
Air cargo volumes up
- Industry-wide cargo tonne-kilometers (CTKs) increased by 2.9% year-on-year in February. Accounting for the usual volatility surrounding the Chinese New Year and taking January and February together, CTKs were 2.7% above the same period in 2021. While below the growth rates seen in late 2021, it is nevertheless encouraging that cargo traffic is still growing despite the most challenging backdrop.
- February saw improvements in air cargo traffic thanks to reduced disruptions from Omicron outside of Asia, as well as the end of Chinese New Year. However, an Omicron wave spread in China and certain other Asian countries in February and March, and the war in Ukraine is having an impact on air cargo.
- Lockdowns and factory closures in Asia, sanctions related to the war, and shortages of crucial inputs are driving prices higher, and economic activity and trade lower. March therefore is likely to be a challenging month for air cargo.
Africa airlines record improved performance
African airlines saw cargo volumes increase by 4.6% in February 2022 compared to February 2021 and their cargo capacity was 8.2% above February 2021 levels - outperformed all other regions globally in terms of increased demand for air freight shipments in February.
Growth in air cargo continues despite war in Ukraine
Industry-wide cargo tonne-kilometers (CTKs) rose
2.9% year-on-year (YoY) in February 2022, compared
to a 2.4% increase in January. Global CTKs were
11.9% above their February 2019 level.
Although the conflict in Ukraine has impacted air cargo
outcomes, it was partly offset by a confluence of
temporary factors that include Chinese New Year and
reduced disruptions from Omicron outside of Asia.
Seasonally adjusted (SA) CTKs rose by 5.2% monthon-month (MoM) to a new all-time high. That followed a 4.2% drop in January. Such volatility is common around the Chinese New Year (1 Feb in 2022), as the period is not well captured in seasonal adjustments. Averaging January and February, CTKs were 1.7% below the level seen in December 2021, and the year thus started softly for air cargo. In year-on-year terms, January and February combined were up 2.7%, a notable slow-down from December’s 8.7% YoY rise...Download the full report.