Global air cargo volumes continue to outperform pre-pandemic levels. According to April 2021 data released by the International Air Transport Association (IATA) on June 8, 2021, the global cargo tonne-kilometers (CTKs) is up 12% in comparison to April 2019 and up 7.8% against March 2021.
A strong V-shaped economic rebound supported by increased dedicated freighter capacity on global supply chains and competitive pricing relative to container shipping, has resulted in firm volume performance from airlines in Africa and North America despite the absence of belly capacity. In comparison to April 2019, the global dedicated freighter capacity rose by 26.2% in April 2021, alongside a 38.5% decrease in belly capacity.
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