International airline body reports strong recovery in air cargo sector

The International Air Transport Association (Iata) has reported that the V-shaped recovery in global trade and manufacturing drove a similar V-shaped recovery in the global air cargo sector during the last quarter of last year. (Iata is the representative body of the global airline industry.) In its Cargo Chartbook Q1 2021, Iata pointed out that global air cargo demand in the fourth quarter of 2020 (4Q20), measured in cargo-metric ton-kilometres (CTKs), was only 0.6% down in year-on-year terms. And the seasonably-adjusted volumes were also little different to those from the previous year.