IATA - Air Cargo Market Analysis November 2021 Air cargo growth slows due to supply chain issues

SOURCE: IATA

• Growth in industry-wide cargo tonne-kilometres (CTKs) slowed in November after a prolonged period of strong performance. CTKs were 3.7% above their November 2019 levels, after rising 8.2% in October versus October 2019.

• The softening is somewhat unexpected, as many drivers of demand, such as consumption and new export orders, are performing well. However, air cargo is increasingly impacted by supply chain issues, notably with congestion at airports and a lack of capacity where it is most needed.

• The deceleration in growth was widespread across the main regions, though not homogeneous. International CTKs in North America, for instance, grew 11.4% compared to November 2021, while they fell by 13.6% in Latin America.  … read more