Global Air Cargo Growth January 2022: Africa Strongest – IATA
African airlines’ saw cargo volumes increase by 12.4% in January 2022 compared to January 2021. The region was the strongest performer. ...
African airlines’ saw cargo volumes increase by 12.4% in January 2022 compared to January 2021. The region was the strongest performer. Capacity was 13.0% above January 2021 levels.
Demand growth of 2.7% in January was below expectation, following the 9.3% recorded in December. This likely reflects a shift towards the more normal growth rate of 4.9% expected for this year. Looking ahead, however, we can expect cargo markets to be impacted by the Russia-Ukraine conflict. Sanction-related shifts in manufacturing and economic activity, rising oil prices and geopolitical uncertainty are converging. Capacity is expected to come under greater pressure and rates are likely to rise. To what extent, however, it is still too early to predict. – Willie Walsh, Director General, IATA.
