Global cargo demand sees 9.4% rise in May from pre-Covid levels: IATA
The International Air Transport Association (IATA) released May 2021 data for global air cargo markets showing that demand continued its strong growth trend. Global demand, measured in cargo tonne-kilometers (CTKs), was up 9.4 percent compared to May 2019. Seasonally adjusted demand rose by 0.4 percent month-on-month in May, the 13th consecutive month of improvement.
The pace of growth slowed slightly in May compared to April which saw demand increase 11.3 percent against pre-Covid-19 levels (April 2019). Notwithstanding, air cargo outperformed global goods trade for the fifth consecutive month.
North American carriers contributed 4.6 percentage points to the 9.4 percent growth rate in May. Airlines in all other regions except for Latin America also supported the growth.
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