GLOBAL RECOVERY TIPS THE HAT TO AIR CARGO

The importance of air transport is such that almost 1/3rd of world’s trade (by value) is contributed by air. A recent report published by IATA brought a relief to the aching economy as it stated the return of air cargo volumes back to pre-Covid levels with 6.1% of increase from 2020. The number surpassed not only the data from 2020 but even 2019. It was noted that except for Latin American region, all the other areas around world saw an improvement. Following is the 2021 data as compared to 2020:
- Asia Pacific - Increase by 0.6%
- North America - Increase by 15.8%
- Middle East - Increase by 7.4%
- Africa - Increase by 15.3%
- Latin America - Decrease by 15%

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