The recent data as part of the International Air Transport Association (IATA)’s monthly update reveals that Middle Eastern carriers have earned more cargo volume in July compared to that of June.
The increase in passenger services and also the demand for cargo has given hope for the industry to regain from the hit of pandemic and also some improvements in the coming quarter.
IATA states that “this recovery was driven by aggressive operational strategies of some of the region’s carriers.”
In July a 7.2 percent increase from last month in the cargo demand was seen in the Middle East which was the best compared to other regions. When compared to 2019 July there is a fall of 14.9 percent in the International cargo volume of Middle East carriers.
Reports say that the cargo demand around the globe is currently steady even though it is lower than that of the previous year. When taking the month to month cargo demand a slower pace improvement can be seen. Experts say that this is because of the capacity constraints from lack of belly cargo availability.
As the passenger services were withdrawn due to the COVID-19 spread the belly capacity of International air cargo saw a 70.5 percent decrease in July compared to 2019 July.
IATA’s Director-General and CEO, Alexander de Juniac states, “economic indicators are improving but we have not yet seen that fully reflected in growing air cargo shipments.”
Even after being a stronger side of this industry, it will be a severe challenge for the air cargo to keep the global economy moving if borders continue to be closed, passenger flights are grounded, and travels decreased.