IATA releases February air cargo numbers
Most recent figures show air freight is outperforming last year’s pre-Covid marks
Newly released data from February 2021 for global air cargo markets showed that air cargo demand continued to outperform pre-Covid levels, with demand up 9% over February 2019, according to the International Air Transport Association (IATA). February demand also showed strong month-on-month growth over January 2021 levels. Volumes have now returned to 2018 levels seen before the US-China trade war.
Global demand, which is measured in cargo tonne-kilometers (CTKs), was up 9% compared to February 2019 and +1.5% compared to January 2021. All regions, except for Latin America, saw an improvement in air cargo demand compared to pre-Covid levels, with North America and Africa being the strongest performers.
The recovery in global capacity, measured in available cargo tonne-kilometers (ACTKs), has stalled due to new capacity cuts on the passenger side, as governments are tightening travel restrictions as a result of the recent spike in Covid-19 cases. Capacity shrank 14.9% compared to February 2019.
Newron, Myung In Pharm Form Partnership Centered Around Treating Schizophrenia in South Korea
January 14th 2025The license agreement will feature an upcoming Phase III trial and—depending on results—the development, manufacturing, and commercialization of evenamide as a potential treatment option.
