IATA Cargo Chartbook - Q4 2021

We are pleased to send you herewith the latest quarterly Cargo Market Analysis. 


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Key points:   

• Industry-wide cargo tonne-kilometres (CTKs) increased by 8.7% in the three months to October 2021 versus the same period in 2019. This is a strong performance, but growth and seasonally adjusted volumes have been stable in the past few months.
• Manufacturing activity, new export orders and confidence have eased since Q2 due to issues on supply chains and inflation, but they remain broadly supportive for air cargo. Moreover, air cargo continues to outperform other modes of transport, as it is competitive both in terms of price and for its speed as businesses rush to meet demand during the key year-end period. 
• Air cargo capacity continued to slowly improve in the three months to October 2021, but remains 9.5% below levels of the same period in 2019. Air cargo yields rose further in that period, meaning air cargo revenues continue to perform particularly well. 

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