Newsonline reports that Air Peace, RwandAir and other African Airlines saw cargo volumes increase of 3.1% in March 2022 compared to March 2021 levels.
This was disclosed by the International Air Transport Association (IATA) via a statement issued on Tuesday.
According to the statement, which was seen by Nairametrics, airlines’ capacity was 8.7% in March 2022 above the same period in 2021.
It stated, “African airlines saw cargo volumes increase by 3.1% in March 2022 compared to March 2021. Capacity was 8.7% above March 2021 levels.
“Asia-Pacific airlines saw their air cargo volumes decrease by 5.1% in March 2022 compared to the same month in 2021. Available capacity in the region fell 6.4% compared to March 2021, the largest drop of all regions. The zero-COVID policy in mainland China and Hong Kong is impacting performance.”
On the other hand, IATA added that the March 2022 data for global air cargo markets showed a drop in demand.
The global body attributed the development to the effects of Omicron in Asia, the Russia–Ukraine war and a challenging operating backdrop.
Willie Walsh, IATA’s Director-General, said, “Air cargo markets mirror global economic developments. In March, the trading environment took a turn for the worse. The combination of war in Ukraine and the spread of the Omicron variant in Asia have led to rising energy costs, exacerbated supply chain disruptions, and fed inflationary pressure.
“As a result, compared to a year ago, there are fewer goods being shipped—including by air. Peace in Ukraine and a shift in China’s COVID-19 policy would do much to ease the industry’s headwinds. As neither appears likely in the short-term, we can expect growing challenges for air cargo just as passenger markets are accelerating their recovery.”
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