African airlines saw cargo volumes increase by 5.7% in June
IATA has released data for global air cargo markets showing healthy and stable performance.
African airlines saw cargo volumes increase by 5.7% in June 2022 compared to June 2021. As with carriers in Latin America, airlines in this region have shown optimism by introducing additional capacity. Capacity was 10.3% above June 2021 levels. Demand for the first half-year was 2.9% above 2021 levels and half-year capacity was 6.9% above 2021 levels.
Middle Eastern carriers experienced a 10.8% year-on-year decrease in cargo volumes in June. Significant benefits from traffic being redirected to avoid flying over Russia failed to materialise. Capacity was up 6.7% compared to June 2021. Demand for the first half-year was 9.3% below 2021 levels, the weakest first half performance of all regions. First half-year capacity was 6.3% above 2021 levels.
“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,” said Willie Walsh, IATA’s director general.
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