Demand for air freight will continue to outpace pre-COVID-19 levels, according to a new report from the International Air Transport Association.
Air freight demand in September 2021 was substantially above pre-COVID-19 levels, according to data supplied by the International Air Transport Association (IATA).
As the unusual influence of COVID-19 distorts comparisons between 2021 and 2020 monthly figures, all comparisons below are made to the present which followed a regular demand pattern, unless otherwise specified.
Global cargo tonne-kilometers (CTKs) demand increased by 9.1 percent in September 2019 compared to the same month last year (9.4 per cent for international operations).
Capacity is 8.9 percent lower than pre-COVID-19 levels (September 2019) at this time (12 per cent for international operations).
Long supplier delivery times have been caused by supply chain interruptions and the resultant delivery delays. To make up for the time lost during the production process, firms commonly use air transport. For air cargo, a PMI score below 50 indicates a favorable environment for delivery time savings.
Components of the PMIs measuring new export orders and industrial production fell in September, but they remain in positive territory. Manufacturing activity around the world continued to grow, but in emerging nations, it dwindled.
“Air freight demand climbed 9.1% in September compared to pre-COVID levels,” said IATA’s Willie Walsh. Congestion in supply chains benefits enterprises who use air transport .