APAC’s air cargo dips 21.6 percent in June as global demand slowly recovers

Global demand and capacity in June showed improvement from the month of May, whilst belly capacity grew 32 percent with more freighter aircraft.

Asia Pacific global demand IATA international air cargo

IATA said that all regions recorded declines in air cargo volume for June. The sharpest drops in year-on-year growth were posted by airlines in Europe (27.6%) and Latin America (29.4%), whilst carriers in Asia Pacific and the Middle East experienced 20 percent and 19.1 percent drops, respectively. North American and African saw more moderate drops compared to the other regions at 8.8% and 13.8, respectively.  

All regions also saw annual contraction in international capacity, led by carriers from Africa (46.2 percent), Latin America (43.6%), Europe (40.7 percent), followed by Asia Pacific (32.3 percent), North America (30.7 percent), and the Middle East (25.8 percent).