Air cargo demand improves in November

- Global air freight in November slightly up from previous month but remains depressed compared to 2019, says trade group ANKARA The global air freight markets improved in November, but remain depressed compared to 2019, according to a leading trade group.

Air cargo demand continued to improve, increasing 1.6% month-on-month in November, the International Air Transport Association (IATA) said in a statement on Thursday. The group added that the global air freight market narrowed 6.6% on an annual basis in the month. Global capacity, measured in available cargo ton-kilometers, shrank by 20% in November (21.3% for international operations), compared to the previous year.

"We are seeing continuing month-on-month improvements. Severe capacity constraints persist as large parts of the passenger fleet remain grounded. This will put pressure on the industry as it gears up to deliver vital COVID-19 vaccines," underlined Alexandre de Juniac, the group's CEO.

On the other hand, North America was the only region reporting year-on-year increase in demand with 5%.

Current month-on-month gains indicate that cargo tonne-kilometers will return to 2019 levels around March or April 2021, IATA noted.

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