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Latin American air freight performs best in the world in August – IATA

The International Air Transport Association (IATA) released this October the results of the global air cargo markets for August 2022, which showed resilience amid economic uncertainties. Global air freight demand was 8.3% below August 2021 levels, or -9.3% for international operations alone. This result is an improvement from the 9.7% decline recorded in July 2022 versus July 2021. Global capacity was 6.3% above that recorded in August 2021, or +6.1% for international operations. This is a significant increase from the 3.6% increase recorded in July 2022 versus July 2021; According to IATA, several factors should be highlighted in the operating environment: global merchandise trade expanded slightly in August and the easing of COVID-19 restrictions in China will positively affect cargo markets. While maritime transport will be the main beneficiary, air freight transport will also benefit from these developments. Inflation levels in the G7 countries decelerated for the first time since November 2020, and oil prices stabilized in August, and the aviation fuel “crack spread” (difference between the price of fuel against a barrel of crude oil) fell after peak in June. New export orders, a leading indicator of cargo demand and global trade, declined in major economies in all regions except the United States. Willie Walsh, Director General of IATA, commented that air freight continues to demonstrate its resilience, as freight volumes, while below the exceptional performance of 2021, are relatively stable in the face of economic uncertainties and geopolitical conflicts. “The markets remain with mixed characteristics. The month of August presented several indicators with upside potential: oil prices stabilized, inflation decelerated and there was a slight expansion of goods traded globally. But the reduction in new export orders in all markets, except the United States, indicates that the evolution in the coming months will have to be carefully observed”, says Walsh. Latin American carriers reported a 9.0% increase in air cargo volumes in August 2022 compared to the same month in 2021. This was the best result among all regions. Airlines in the region showed optimism and introduced new services and capacity and, in some cases, invested in additional aircraft for air cargo in the coming months. Capacity in August increased by 24.3% compared to the same month in 2021. – https://aeroin.net/transporte-aereo-de-carga-da-america-latina-teve-melhor-desempenho-do-mundo-em-agosto-iata/