IATA: Demand falls at a reduced rate in June

Date Added: 9 August 2022

IATA: Demand falls at a reduced rate in June

With a strong presence in the airfreight arena through our subsidiary Davies Turner Air Cargo, we note that cargo demand continued to fall in June but at a reduced rate, according to industry data from the International Air Transport Association (IATA).

Demand measured in cargo tonne kilometres was down 6.6% year-on-year in June, but that was an improvement on the 8.3% decline in May.

In the first half of the year, demand was down 4.3% compared to 2021, but up 2.5% on pre-pandemic levels.

Performance in June was affected by trade activity increasing slightly as lockdowns in China were eased, and Latin America and Africa posted stronger volumes, but new export orders were down in all markets except China.

The war in Ukraine continues to impact capacity serving Europe as several airlines based in Russia and Ukraine were key cargo players.

Willie Walsh, Director General of IATA, says, “Air cargo demand over the first half of 2022 was 2.2% above pre-Covid levels (first half 2019). That’s a strong performance, particularly considering continuing supply chain constraints and the loss of capacity due to the war in Ukraine. Current economic uncertainties have had little impact on demand for air cargo, but developments will need to be closely monitored in the second half.”

In the IATA/CASS league table for 2020, Davies Turner Air Cargo became the UK’s highest placed independent freight forwarder, measured by CASS airline tonnage.

For more information about its global air freight forwarding and logistics services, please contact aircargo@daviesturner.co.uk or visit https://www.daviesturner.com/air-freight

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