June 2021 IATA Air Freight Market Analysis 
Published July 28, 2021.  

Air cargo remains dynamic and further growth is likely ahead


  • June 2021 was another month of strong air cargo performance, as industry-wide cargo tonne-kilometres (CTKs) grew 9.9% compared to June 2019 and air cargo drivers point to further growth ahead.
  • Supply chain conditions remain favourable, with low inventories-to-sales ratio, resilient demand for goods and more affordable air cargo compared to container shipping, all combining to make air cargo a competitive mode of transport. Besides, the shift of consumer spending from goods to services has so far not been as strong as feared.
  • Africa and North America remain the strongest regions. Airlines in all regions but Latin America have posted growth in CTKs in recent months.

Strong growth continues in Africa
Strong growth continued in June for airlines based in Africa, as their international CTKs grow by 33.5% versus June 2019. This is the sixth consecutive month of growth above 25%, but SA CTKs have in fact fallen for two months in a row, highlighting that most of the gains happened earlier in 2021 and in H2 2020.

Air cargo volumes have stabilized…

Air cargo volumes remained stable at a high level in June, as was the case in May. Industry-wide cargo tonne-kilometres (CTKs) rose by 9.9% in June 2021 compared to the same month in 2019, a small improvement over the (revised downwards) 8.5% increase in May...Download the full document here.