SOURCE: IATA
Strong air cargo growth continues
• Air cargo continued to expand strongly in February. Industry-wide cargo tonne-kilometres (CTKs) rose by 9% compared with February 2019, an improvement on the 4.1% expansion in January. In month-on-month terms, cargo volumes picked up by 1.5%.
• Increasing demand for air cargo services is being driven by the 'V-shaped' economic recovery. Also, air cargo has been gaining share in global goods trade over other modes of transport – a pattern typical during the recession recovery cycle.
• Industry-wide cargo capacity continued to trend sideways in February due to the grounding of passenger aircraft. Cargo load factors remained elevated, at 57.5% for the industry.
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