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Latest report indicates that demand continues to gain momentum
Recent April 2021 data for global air cargo markets showed that air freight demand continued to outperform pre-Covid levels (April 2019) with demand up 12%, as noted by the International Air Transport Association (IATA).
Global demand, measured in cargo tonne-kilometers (CTKs), was up 12% compared to April 2019 and 7.8% compared to March 2021. Seasonally adjusted demand is now 5% higher than the pre-crisis August 2018 high.
The upward showing was led by North American carriers, who contributed 7.5 percentage points to the 12% growth rate in April. Airlines in all other regions except for Latin America also played a part in that figure. However, capacity remains 9.7% below pre-Covid-19 levels (April 2019) as a result of the passenger aircraft that continue to be grounded, just as the March data also indicated.