How is air cargo proving a bright spot for the aviation industry?

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Air Cargo Continues to Outperform Pre-Pandemic Levels, Reaching Record Highs

Global demand for air cargo in March 2021 surged by 4.4 per cent compared to March 2019, surpassing pre-pandemic levels and achieving the highest point recorded since the global air cargo market data series began in 1990. This sustained growth positions air cargo as a significant positive indicator for the aviation sector amidst ongoing challenges. The sector has demonstrated an ability to adapt and meet increasing demand, even while a substantial portion of the passenger fleet remains grounded.
Demand Exceeds Historical Highs

In March 2021, air cargo demand reached an unprecedented peak, marking a 4.4 per cent increase over the same period in 2019. This achievement represents the highest demand recorded since the inception of the global air cargo market data series in 1990, underscoring its robust performance.
Resilience and Innovation Amidst Grounded Fleets

The air cargo sector has proven its capacity to meet fundamental industry challenges by rapidly adopting innovations. This adaptability allows it to cater to growing demand effectively, even with many passenger aircraft still out of service. Airlines are actively pursuing all available measures to secure the necessary capacity to support this demand.
Underlying Economic Factors Bolster Demand

Supportive economic conditions are contributing to the strength of air cargo demand. This includes a rise in new export orders and increasing delivery times for manufactured goods, which typically drives a greater need for air cargo services to expedite shipments. Furthermore, global trade experienced its ninth consecutive monthly increase in February, rising by 0.3 per cent, which further underpins the positive trajectory of air cargo volumes.

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How is air cargo proving a bright spot for the aviation industry?

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