• Home
  • News

    Airlines

    • Bellyhold Airline
    • Freighter Operator

    Airports

    Air Cargo Statistics

    Business

    • Acquisitions
    • Finance
    • TIACA
    • IATA
    • Legal

    Freight Forwarders

    Services

    • Ground Handlers
    • Charter Operator
    • ULD
    • Freighter Conversion/MRO
    • GSSA

    Technology

    • Airfreight Digitisation
    • Drones

    People

    Sectors

    • Animal Transportation
    • Aerospace Supply Chains
    • E-Commerce Logistics
    • Perishable Logistics
    • Pharma Logistics

    Sustainability

    Supply Chain

    Policy

    • Air Cargo Security

    Region

    • Africa
    • Asia
    • Australasia
    • Europe
    • Middle East
    • North America
    • South America

    Cool Chain

    Archive News

    News By Date

  • Magazine
  • Advertise
  • Reels
  • Subscribe
  • Newsletter
  • More
    • Jobs
      • Jobs
      • Post a Job
    • Events
No Result
View All Result
Cargo Newswire
  • Home
  • News

    Airlines

    • Bellyhold Airline
    • Freighter Operator

    Airports

    Air Cargo Statistics

    Business

    • Acquisitions
    • Finance
    • TIACA
    • IATA
    • Legal

    Freight Forwarders

    Services

    • Ground Handlers
    • Charter Operator
    • ULD
    • Freighter Conversion/MRO
    • GSSA

    Technology

    • Airfreight Digitisation
    • Drones

    People

    Sectors

    • Animal Transportation
    • Aerospace Supply Chains
    • E-Commerce Logistics
    • Perishable Logistics
    • Pharma Logistics

    Sustainability

    Supply Chain

    Policy

    • Air Cargo Security

    Region

    • Africa
    • Asia
    • Australasia
    • Europe
    • Middle East
    • North America
    • South America

    Cool Chain

    Archive News

    News By Date

  • Magazine
  • Advertise
  • Reels
  • Subscribe
  • Newsletter
  • More
    • Jobs
      • Jobs
      • Post a Job
    • Events
No Result
View All Result
Cargo Newswire

IATA: Air cargo growth continues in February, up 2.9%

April 8, 2022
in Associations
Reading Time: 3 mins read
0 0
A A
0
Share on FacebookShare on Twitter

Air cargo demand increased in February despite a challenging operating backdrop

The International Air Transport Association (IATA) released data for global air cargo markets showing that demand increased in February despite a challenging operating backdrop. 

Several factors benefitted air cargo in February compared to January. On the demand side, manufacturing activity ramped up quickly after the early February Lunar New Year holiday. Capacity was positively influenced by the general and progressive relaxation of COVID-19 travel restrictions, reduced flight cancellations due to Omicron-related factors (outside of Asia), and fewer winter weather operational disruptions.

Related Post

Registration Now Open for ACF 2025 The Premier Event for Air Cargo Industry Professionals

Kerry Logistics Joins Forces with Teva to Streamline Medicine Supply in Greater Bay Area

Eve Air Mobility and UI Helicopter Join Forces to Propel Advanced Air Mobility in South Korea

TIACA and CHAMP Cargosystems Extend Sustainability Awards Partnership Through 2029

  • Global demand, measured in cargo ton-kilometers (CTKs), was up 2.9% compared to February 2021 (2.5% for international operations). 
  • Adjusting the comparison for the impact of the Lunar New Year (which can cause volatility in reporting) by averaging January’s and February’s performance, demand increased 2.7% year on year. While cargo volumes continued to rise, the growth rate decelerated from the 8.7% year-on-year expansion in December. 
  • Capacity was 12.5% above February 2021 (8.9% for international operations). While this is in positive territory, compared to pre-COVID-19 levels capacity remains constrained, 5.6% below February 2019 levels. 
  • Several factors in the operating environment should be noted:
  • General consumer price inflation for the G7 countries was at 6.3% year-on-year in February 2022, the highest since late 1982. While inflation normally curtails purchasing power this is balanced against higher savings levels coming out of the pandemic. 
  • The Purchasing Managers’ Index (PMI) indicator tracking global new export orders fell to 48.2 in March. This was the lowest since July 2020 indicating that a majority of surveyed businesses reported a fall in new export orders. 
  • The zero-COVID policy in mainland China and Hong Kong continues to create supply chain disruptions as a result of flight cancellations due to labor shortages, and because many manufacturers cannot operate normally. 

The impact of Russia’s invasion of Ukraine had a limited effect globally on February’s performance as it occurred very near the end of the month. The negative impacts of war and related sanctions (particularly higher energy costs and reduced trade) will become more visible from March.

“Demand for air cargo continued to expand despite growing challenges in the trading environment. That is not likely to be the case in March as the economic consequences of the war in Ukraine take hold. Sanction-related shifts in manufacturing and economic activity, rising oil prices, and geopolitical uncertainty will take their toll on air cargo’s performance,” said Willie Walsh, IATA’s Director-General.

February Regional Performance

  • Asia-Pacific airlines saw their air cargo volumes increase 3.0% in February 2022 compared to the same month in 2021. Available capacity in the region was up 15.5% compared to February 2021, however, it remains heavily constrained compared to pre-COVID-19 levels, down 14.6% compared to February 2019. The zero-COVID policy in mainland China and Hong Kong is impacting performance.  
  • North American carriers posted a 6.1% increase in cargo volumes in February 2022 compared to February 2021. The ramp-up of manufacturing activity in China following the end of the Lunar New Year resulted in growth in the Asia–North America market, with seasonally-adjusted volumes rising by 4.3% in February. Capacity was up 13.4% compared to February 2021.
  • European carriers saw a 2.2% increase in cargo volumes in February 2022 compared to the same month in 2021.  This was slower than the previous month (6.4%), partially attributable to the war in Ukraine which started at the end of the month. Seasonally adjusted demand on the Asia-Europe route, one of the most affected by the conflict decreased by 2.0% month on month. Capacity was up 10.0% in February 2022 compared to February 2021, and down 11.1% compared to pre-crisis levels (2019). 
  • Middle Eastern carriers experienced a 5.3% year-on-year decrease in cargo volumes in February. This was the weakest performance of all regions, which was owing to a deterioration in traffic on several key routes such as Middle East-Asia, and Middle East-North America. Looking forward, there are signs of improvement as data indicate that the region is likely to benefit from traffic being redirected to avoid flying over Russia. Capacity was up 7.2% compared to February 2021. 
  • Latin American carriers reported an increase of 21.2% in cargo volumes in February 2022 compared to the 2021 period. This was the strongest performance of all regions. Some of the largest airlines in the region are benefitting from the end of bankruptcy procedures. Capacity in February was up 18.9% compared to the same month in 2021.  
  • African airlines saw cargo volumes increase by 4.6% in February 2022 compared to February 2021. Capacity was 8.2% above February 2021 levels. 
Tags: AircargoAsia Pacific AirlinesIATA
ShareTweetPin
Devender Grover

Devender Grover

Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.

Related Posts

Associations

Air Cargo Demand Grows 4.4% in March

by Devender Grover
May 10, 2025
Preparation before flight. Loading of cargo containers against jet engine of freight airplane.
Associations

Pharma.Aero, and TIACA’s Joint Project Leverages Air Cargo to Boost Healthcare Access and Empower Agricultural Economies

by Devender Grover
May 9, 2025
Associations

Celebrating a Decade of Excellence: IATA CEIV Marks 10 Years of Setting Global Air Cargo Standards

by dharmesh
April 18, 2025

AGI Global Logistics Appoint Emma Phillips as Divisional Commercial Director

June 19, 2025

Saudia Cargo Forges Strategic Global Partnerships at Air Cargo Europe, Expanding Global Reach

WFS achieves Cargo iQ quality certification across its Europe, Middle East, Africa & Asia region

TIACA Announces 2025 Hall of Fame Recipient

New contract extensionWestJet Cargo relies on Jettainer as long-term ULD management partner

NY/NJ Foreign Freight Forwarders & Brokers Association Announces 2025 “Captain of Industry” Award Recipient

Tags

Airbus Air Canada Air Cargo Aircargo Air Cargo News Air Freight Airfreight Airlines American Airlines Atlas Air Aviation Aviation Industry Aviation News Boeing cargo industry news Cargo International News Covid 19 DB Schenker DHL DHL Express dnata E-commerce Emirates Emirates SkyCargo Etihad Cargo Europe Freighter Freighters IAG Cargo IATA Latest Air Cargo News Logistics Logistics News Lufthansa Cargo Pharma Qatar Airways Qatar Airways Cargo Supply chain Sustainability Swissport Technology TIACA Turkish Cargo UPS WFS
  • Home
  • About us
  • Magazine
  • Subscribe
  • Reels
  • Events
  • Advertise
  • Careers
  • Contact us
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Copyright © 2025 Profiles Media Network Pvt Ltd. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Airlines
    • Airports
    • Associations
    • Business
    • Freight Forwarders
    • People
    • Cargo Handling
    • Sectors
    • Services
    • Technology
    • News By Date
  • Reels
  • Magazine
  • Archive News
  • Subscribe
  • Newsletter
  • Advertise
  • Jobs
  • Subscribe
  • Events

Copyright © [2024] Profiles Media Network Pvt Ltd All Rights Reserved. Build with ❤️ by Onairdigital

Our website uses cookies. We use cookies and similar technologies to personalise content, to provide you with relevant marketing, to enhance your user experience and to gain insight and track how you interact with us and our partners. Learn more in our Privacy Policy and Cookie Policy.