Global air cargo traffic stays stable and resilient in June
The International Air Transport Association (IATA) released data for global air cargo markets showing healthy and stable performance.
Global demand, measured in cargo tonne-kilometers (CTKs*), was 6.4% below June 2021 levels (-6.6% for international operations). This was an improvement on the year-on-year decline of 8.3% seen in May. Global demand for the first half-year was 4.3% below 2021 levels (-4.2% for international operations). Compared to pre-COVID levels (2019) half-year demand was up 2.2%.
Capacity was 6.7% above June 2021 (+9.4% for international operations). This was an increase in the 2.7% year-on-year growth recorded in May. Capacity for the first half-year was up 4.5% (+5.7% for international operations) compared to the first half-year of 2021. Compared to pre-COVID levels demand was up 2.5%.
Air cargo performance is being impacted by several factors
Trade activity ramped up slightly in June as lockdowns in China due to Omicron were eased. Emerging regions (Latin America and Africa) also contributed to growth with stronger volumes.
New export orders, a leading indicator of cargo demand and world trade, decreased in all markets, except China.
The war in Ukraine continues to impair cargo capacity used to serve Europe as several airlines based in Russia and Ukraine were key cargo players.
“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.
June Regional Performance
AIR CARGO MARKET DETAIL-JUNE 2022 | WORLD SHARE1 | CTK | ACTK | CLF(%-PT)2 | CLF(LEVEL)3 |
---|---|---|---|---|---|
Total Market
|
100%
|
-6.4%
|
6.7%
|
-6.9%
|
49.2%
|
Africa
|
1.9%
|
5.7%
|
10.3%
|
-1.9%
|
44.7%
|
Asia Pacific
|
32.6%
|
-2.1%
|
6.2%
|
-5.2%
|
60.8%
|
Europe
|
22.8%
|
-13.5%
|
5.6%
|
-11.2%
|
50.7%
|
Latin America
|
2.2%
|
19.6%
|
29.5%
|
-3.2%
|
38.3%
|
Middle East
|
13.4%
|
-10.8%
|
6.7%
|
-9.6%
|
48.8%
|
North America
|
27.2%
|
-6.3%
|
5.6%
|
-5.1%
|
40.4%
|
(1) % of industry CTKs in 2021 (2) Year-on-year change in load factor (3) Load factor level
Asia-Pacific airlines saw their air cargo volumes decrease by 2.1% in June 2022 compared to the same month in 2021. This was a significant improvement over the 6.6% decline in May. Demand for the first half-year was 2.7% below 2021 levels. Airlines in the region have been heavily impacted by lower trade and manufacturing activity due to Omicron-related lockdowns in China, however, this continued to ease in June as restrictions were lifted. Available capacity in the region fell 6.2% compared to June 2021. This contributed to capacity being 0.2% below 2021 levels for the first half of 2022.
North American carriers posted a 6.3% decrease in cargo volumes in June 2022 compared to June 2021. Demand for the first half-year was 3.3% below 2021 levels. High inflation is affecting the region. Demand in the Asia-North America market is falling and the Europe – North America market has started to decline. Capacity was up 5.6% in June 2022 compared to June 2021 and up 6.1% for the first half-year of 2022.
European carriers saw a 13.5% decrease in cargo volumes in June 2022 compared to the same month in 2021. This was the weakest performance of all regions. It was, however, a slight improvement over the previous month’s performance, which saw the sharpest fall in demand since early 2022. This is attributable to the war in Ukraine. Labor shortages and lower manufacturing activity in Asia due to Omicron also affected volumes. Capacity increased 5.6% in June 2022 compared to June 2021. Demand for the first half-year was 7.8% below 2021 levels while capacity was 3.7% above.
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 materialize. 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.
Latin American carriers reported an increase of 19.6% in cargo volumes in June 2022 compared to June 2021. This was the strongest performance of all regions. Airlines in this region have shown optimism by introducing new services and capacity, and in some cases investing in additional aircraft for air cargo in the coming months. Capacity in June was up 29.5% compared to the same month in 2021. Demand for the first half-year was 21.8% above 2021 levels and half-year capacity was 32.6% above 2021 levels. This was the strongest first-half performance of all regions.
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.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Dtom
- 1) Athens Airport voted as the best in marketing strategy at European awards in Denmark
- 2) Direct flight from Shanghai to Athens offers access to key tourism market for Greece
- 3) US Ambassador to Athens: More flights from the United States to Greece and Thessaloniki
- 4) Chairman: 2023 was an exceptional one for AEGEAN Airlines
25/04 22:00
Greek FM talks with Kuwaiti counterpart on bilateral relations, regional cooperation
25/04 14:49
Prices of products in Easter Basket the same or lower in Greece than in 2023
25/04 13:57
25/04 12:44
Greece and China to ink cooperation protocols in the fisheries sector
25/04 09:53
Extended shop opening hours for Easter in Greece start on Thursday
25/04 02:19
Athens Airport voted as the best in marketing strategy at European awards in Denmark
25/04 02:10
President of Hellenic Republic visits La Chascona Museum in visit to Chile
24/04 21:31
Thirty-one Greek political parties to take part in European Parliament elections
24/04 21:25
Payment by bank cards now accepted on Athens Airport Express bus lines
24/04 14:12
Herculaneum papyri unveil more than location of Plato's tomb in Athens
23/04 23:52
Greece’s New Ambassador to the United States visits Queens in New York
23/04 21:49
Traffic regulations in Athens due to the Olympic Torch Relay on Thursday-Friday
23/04 20:59
President of Hellenic Republic wraps up visit to Uruguay at parliament
23/04 15:44
Greek government will pass legislation halving commission paid for POS transactions
23/04 15:03
Precise location of Plato's burial site unveiled by ancient papyrus
22/04 22:33
'Nature Positive' peport highlights new collaborative era in travel & tourism
22/04 21:25
22/04 20:37
Greek and Turkish delegations discuss Confidence Building Measures for 2024
22/04 18:29
Over 114,000 Greek Diaspora citizens register to vote by post in the European elections
22/04 13:40
19/04 01:29
Athens State Orchestra presents 'St. Matthew's Passion' by Bach on April 30th
18/04 21:49
Greek Climate Change Minister signs memorandum for Attica fire protection zones
18/04 20:32
'Easter Basket' and 'Godparents basket' to be put into effect next week in Greece
18/04 20:17
18/04 17:40
17/04 21:06
Thessaloniki Port: Performance growth for 2023 with record container throughput
17/04 20:57
Traffic regulations imposed in Athens for the 41st Peace Marathon on Sunday
17/04 20:52
17/04 18:15
Greek Foreign Minister addresses the 9th Our Ocean Conference in Athens
17/04 17:12
16/04 21:02
NHM hosts the Trial of Pericles at the Harris Theater in Chicago on April 17
16/04 20:17
Greece will invest $830 million to protect marine biodiversity
16/04 01:46
New York Greek Independence Parade honors 1821 and solemn Cyprus Anniversary
16/04 01:35
Olympic Games Paris 2024: Olympic Flame to be lit at Ancient Olympia in Greece
16/04 00:29
European Committee of Regions and UN release study on Rural Tourism
15/04 20:41
15/04 19:58
Minister: Greece is transforming into a hub for exporting quality agri-food products
15/04 18:51
Greek Environment Minister meets Chinese Deputy Minister of Natural Resources
13/04 00:13
UN Tourism and Croatia to launch Research Centre for Sustainable Tourism
12/04 00:03
2024 marks a critical year in the enduring strength of Greek-German relations
12/04 00:00
11/04 22:07
Ambassador: US committed to upgrade of Greek military and support NATO's SE flank
11/04 19:40
Hellenic Pride on display at rainy Chicago Greek Independence Day Parade
11/04 02:06
Delphi Economic Forum IX: Energy collaboration a 'key' in Greek-Bulgarian relations
11/04 01:58
UN Tourism launches investment guidelines for Albania sector
10/04 19:01
Greek FinMin: New package of economic measures in 2025 to lower taxes, raise pensions
10/04 18:25
Greek city of Nafplion hosts Mediterranean Yacht Show for ninth year running
09/04 23:57
Greek PM on Tilos: Innovative projects for a cyclical economy are of key significance
09/04 23:55
UN Tourism members promote agenda for Europe as region leads global recovery
09/04 23:46
HFS presents 1968, Rousing Docudrama about Greece’s First European Cup April 21
09/04 22:48
Stolen 7th-century BC oenochoe returned to Greece by Hanover museum, municipality
09/04 22:42
Greek civil servants confederation ADEDY to strike on May 21
09/04 21:55
Greek Migration Minister meets Senior US Coordinator for Lawful Migration
08/04 23:48
08/04 23:41
Elliniko-Argyroupoli Mayor marches in Greek Independence Philadelphia Parade
08/04 21:53
Project Voria casino complex in Maroussi moving ahead after environmental report
08/04 21:36
Minister: Up to 120 delegations to take part in 9th Our Ocean Conference in Athens
08/04 19:22
Direct flight from Shanghai to Athens offers access to key tourism market for Greece
08/04 18:31
AI conference to attract distinguished speakers to Thessaloniki on April 25-27
04/04 23:28
City of San Jose marks March 25 with 16th Annual Greek Flag Raising Event
04/04 22:16
Urban plans published for seven townships in Thessaloniki and Attica of Greece
04/04 17:24
FinMin: The new EU economic and fiscal framework is good for Greece
04/04 15:30
Greek PM meets with the chiefs of the international pharmaceutical manufacturers
04/04 00:15
Deputy Minister for Macedonia-Thrace meets US Embassy Deputy Mission Chief
03/04 20:12
Syracuse AHEPA Chapter 37 marks March 25th Greek Independence Day
03/04 18:10
Greece's Delphi Economic Forum on April 10-13 to focus on 'The Great Transition'
03/04 16:42
Minister: Industrial production has returned to the pre-crisis levels in Greece
02/04 18:06
30/03 23:21
Eleni Gatzoyiannis scholarship offered to Greek students at Boston University
29/03 16:44
3rd edition of 'This is Athens - City Festival' with 250+ events from May 1 until June 2
29/03 15:53
Athens Metro station Aghia Varvara to stay closed on Saturday and Sunday
29/03 13:55
Greek Foreign Minister for Economic Diplomacy concludes visit to Montenegro
29/03 12:00
29/03 11:51
28/03 18:41
Attica Region to channel 640 bln euros to services of vulnerable and disadvantaged groups
28/03 17:32
Greece to auction three-month T-bills on April 3, 2024 in a book entry form
28/03 15:46
Greece's Meteora Pyli Geopark added to UNESCO Global Geoparks network
28/03 14:44
IPTO announces framework agreement tender for undersea power cables in Greece
28/03 11:49
IOBE: Construction sector in Greece records robust growth and good prospects
26/03 23:51
St. Thomas Hellenic School honors 1821 and the Feast of the Annunciation in NJ
26/03 21:59
PM at Economic Club of Canada: Greece is an attractive investment destination
26/03 17:56
Greek State budget primary balance reaches a surplus of 3,378 million euros
26/03 11:45
Ancient Messene to get upgraded visitors' facilities after approval by Council
23/03 17:43
New requirements for 'Golden Visa' program to kick in on March 31
23/03 16:49
Athenians continue to head out of the Greek Capital for March 25 long weekend
23/03 16:47
Greek Parliament lights to be turned off for Earth Hour 8:30-9:30 pm
22/03 21:54
US President on Greek Independence Day: Alliance with Greece stronger than ever
22/03 19:51
High diplomacy and geopolitics at Delphi Economic Forum IX in Greece
22/03 19:32
Tax authorities enable payments with foreign bank cards in Greece
22/03 14:19
22/03 00:24
Greece ranks first on list of countries with fastest business environment progress
22/03 00:02
Hellenic Police acquires first electric VAN-type highway patrol vehicle
21/03 22:41
21/03 15:33
Unseen Museum presents "The stele of the twin babies" exhibition in Athens
20/03 22:48
Health Minister: 95% of Greek hospitals to perform afternoon surgeries
20/03 21:52
Greek Deputy Minister of Justice meets delegation from US Embassy in Athens
20/03 21:44
Greek Interior Minister to visit United States and Canada on postal vote
20/03 20:55
Philadelphia Icarians mark 85th Anniversary and organize Apokriatiko Dance
20/03 18:01
Development Minister: We continue the battle against high prices in Greece
19/03 22:28
President of the Hellenic Republic meets her Ethiopian counterpart in Athens
Greek FM talks with Kuwaiti counterpart on bilateral relations, regional cooperation
Herculaneum papyri unveil more than location of Plato's tomb in Athens
Extended shop opening hours for Easter in Greece start on Thursday
Athens Airport voted as the best in marketing strategy at European awards in Denmark
Prices of products in Easter Basket the same or lower in Greece than in 2023
Greece and China to ink cooperation protocols in the fisheries sector
Thirty-one Greek political parties to take part in European Parliament elections
Payment by bank cards now accepted on Athens Airport Express bus lines
President of Hellenic Republic visits La Chascona Museum in visit to Chile
Traffic regulations in Athens due to the Olympic Torch Relay on Thursday-Friday
Precise location of Plato's burial site unveiled by ancient papyrus
Prescription cannabis for medicinal use legally available in Greece for the first time
Greek Environment Minister meets Chinese Deputy Minister of Natural Resources
Minister: Greece to support Bulgaria and Romania in joining the Schengen zone
3-year stay and work permits approved for 30,000 undocumented migrants in Greece
Greek Deputy Transport Minister flies in first test seaplane flight from Lavrio port
New requirements for 'Golden Visa' program to kick in on March 31
Over 114,000 Greek Diaspora citizens register to vote by post in the European elections
Greek supermarkets record rise in value and decline in volume of FMCG sales
Flights to and from Heraklion airport in Crete resume on Saturday
Bard Gemini Pro, Google's largest AI model, now available in Greece