AIR CARGO RATES HAVE STABILIZED SINCE REACHING A PEAK IN APRIL 2020, WHILE SHIPPING CONTAINER RATES HAVE REMAINED RELATIVELY HIGH IN COMPARISON. MEANWHILE, LONGER SUPPLIER DELIVERY TIMES AS ECONOMIC ACTIVITY RAMPS UP MAKE THE SPEED OF AIR CARGO AN ADVANTAGE BY RECOVERING SOME OF THE TIME LOST IN THE PRODUCTION PROCESS.
The International Air Transport Association (IATA) released April 2021 data for global air cargo markets shows that air cargo demand continued to outperform pre-COVID levels (April 2019) with demand up 12 per cent.
As comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted, all comparisons to follow are to April 2019 which followed a normal demand pattern. • Global demand, measured in cargo tonne-kilometers (CTKs), was up 12 per cent compared to April 2019 and 7.8 per cent compared to March 2021. Seasonally adjusted demand is now 5 per cent higher than the pre-crisis August 2018 peak.
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