IATA Cargo Chartbook – Q1 2022

Source: IATA

Key points:

• Industry-wide cargo ton kilometers (CTKs) had softened in the three months to January 2022. CTKs rose 7.2% year-on-year, but this is weaker than the previous three months period (16.0%) and seasonally adjusted CTKs fell by 0.7% quarter-on-quarter.
• Drivers of air cargo are currently mixed. While trade and economic activity continue to expand, business and consumer confidence have eased. The inventory-restocking cycle still has ground to cover, but the conflict in Eastern Europe threatens CTKs growth.
• Air cargo capacity remains on a slow but steady upwards trend, mainly driven by the return of belly capacity. Even though load factors have eased somewhat in H2 2021, air cargo rates have increased to new heights