Public Management

African airlines posted highest cargo transport growth in August 2021

African airlines posted highest cargo transport growth in August 2021
Tuesday, 05 October 2021 16:26

The global air traffic has started a gradual post pandemic recovery. The volume of cargo transported by African airlines grew by 33.9% between August 2019 and August 2021, while the global demand for cargo traffic (measured in ton-kilometers) increased by 7.7% between the two periods. The figures are provided by the International Air Transport Association (Iata).

The comparison is made to August 2019 (pre-pandemic), as this is an appropriate baseline period during which activity was normal. African airlines recorded the strongest growth of all regions. This performance was driven by investment flows along the Africa-Asia route, on which volumes transited are up 26.4% compared to August 2019.

Overall, growth in air business remains strong compared to the long-term average growth of about 4.7%. However, despite the 7.7% increase in global demand between 2019 and August 2021, the volume is lower compared to the 8.8% in July 2021.

Commenting on the data, Willie Walsh (pictured), Iata's MD, said: “Air cargo demand had another strong month in August, up 7.7% compared to pre-COVID levels. Many of the economic indicators point to a strong year-end peak season. With international travel still severely depressed, there are fewer passenger planes offering belly capacity for cargo. And supply chain bottlenecks could intensify as businesses continue to ramp up production.”

Henoc Dossa (intern)

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
New SME Growth Fund aims to improve access to long-term capital Initial $30 million could scale up to $100 million over time SMEs remain...
Nigerian billionaire adds $5.78 billion to his fortune in under four months Gains driven by strong stock performance of BUA Cement and BUA...
Gozem is in talks with the IFC for €21 million to expand in four countries Funding would support vehicle financing and the “Drive-to-Buy”...
Fitch affirms Cameroon at “B”, outlook negative Growth steady, debt contained; governance and political risks persist New vice-presidential role seen...
Most Read
01

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
02

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
03

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
04

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
05

As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...

From South Africa to Egypt: Why Nissan is reshaping its African strategy
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.