Tuesday, September 16, 2025
23.6 C
Lagos

African Airlines Record 31% Cargo Growth in April 2021

African airlines’ cargo demand in April increased 30.6% compared to the same month in 2019, the strongest of all regions and the fourth consecutive month of growth at or above 25% compared to 2019.

Robust expansion on the Asia-Africa trade lanes contributed to the strong growth. April international capacity increased by 0.6% compared to April 2019.

The International Air Transport Association (IATA) released April 2021 data for global air cargo markets showing that air cargo demand continued to outperform pre-COVID levels (April 2019) with demand up 12%.
Global demand, measured in cargo tonne-kilometers (CTKs*), was up 12% compared to April 2019 and 7.8% compared to March 2021. Seasonally adjusted demand is now 5% higher than the pre-crisis August 2018 peak.

The strong performance was led by North American carriers contributing 7.5 percentage points to the 12% growth rate in April. Airlines in all other regions except for Latin America also supported the growth.

Capacity remains 9.7% below pre-COVID-19 levels (April 2019) due to the ongoing grounding of passenger aircraft. Airlines continue to use dedicated freighters to plug the lack of available belly capacity. International capacity from dedicated freighters rose 26.2% in April 2021 compared to the same month in 2019, while belly-cargo capacity dropped by 38.5%.

Underlying economic conditions and favourable supply chain dynamics remain supportive for air cargo:

Global trade rose 4.2% in March.

Competitiveness against sea shipping has improved. Air cargo rates have stabilized since reaching a peak in April 2020, while shipping container rates have remain relatively high in comparison. Meanwhile, longer supplier delivery times as economic activity ramps up make the speed of air cargo an advantage by recovering some of the time lost in the production process.

“Air cargo continues to be the good news story for the air transport sector. Demand is up 12% on pre-crisis levels and yields are solid. Some regions are outperforming the global trend, most notably carriers in North America, the Middle East and Africa. Strong air cargo performance, however, is not universal. The recovery for carriers in the Latin American region, for example, is stalled,” said Willie Walsh, IATA’s Director General.

spot_img
spot_img

Hot this week

Designing the Future: Arc Christian Benimana, Prof Taibat Lawanson to Headline Ecobank Design and Build 2025

Ecobank Nigeria has announced that celebrated architect Arc. Christian...

Sovereign Trust Insurance Wins Enactus Catalyst Award

From L-R: Victor Akinfala, Head Partnerships & Special Projects,...

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

Universal Insurance MD/CEO, Jeff Duru, Bags CIBN Associate Membership

  Dr. Jeff Duru Managing Director/CEO Universal Insurance Plc The Managing Director/CEO of...

Sterling One Foundation CEO, Olapeju Ibekwe, Joins Board of UN Global Compact Network Nigeria Ahead of UNGA 80

    Olapeju Ibekwe, Chief Executive Officer of Sterling One Foundation,...

Topics

P + Measurement Partners PR Experts to Discuss Industry Issues

In a bid to fully evaluate and sustain communication...

The Future of Work in Nigeria: GE Report

General Electric Nigeria yesterday released a whitepaper titled "The Future...

Anchor Insurance CEO, Austin Ebose, Savours Insurance CEO of the Year Award

Mr. Austin Ebose, Managing Director/CEO, Anchor Insurance Company Limited...

Female Entrepreneurs Get Boost as SME.NG Unveils Ebi Marketplace Aug 1

SME.NG has unveiled a new e-marketplace platform with the...

Emirates, Huawei Partner on Enhanced Mobile App Experience to Users

Emirates has announced a collaboration with Huawei, one of...

Facebook, Africa Unite for Safer, Better Internet

Yesterday was Safer Internet Day (SID) (and Facebook launched a series...

‘Nigeria’s Company Income Tax Amongst Highest in the World’–Oyedele

Nigeria has one of the highest company income tax...

Employment in Nigeria Decreased Marginally – PMI Report

  Despite predictions of a huge rise in unemployment due...
spot_img

Related Articles

Popular Categories

spot_imgspot_img