According to the latest figures released by IATA, Middle Eastern carriers reported a decrease of 10.7 per cent for global and international demand in 2022 compared to 2021 and an increase in capacity of 4.3 per cent (4.5% for international operations). Globally, full-year demand in 2022 was down 8.0% compared to 2021 (-8.2% for international operations). Compared to 2019, it was down 1.6% (both global and international). As compared to 2019, demand was 1.6 per cent below for global operations and capacity was down by 6.3 per cent (-6.1% for global operations). Willie Walsh, Director General, IATA said, “In the face of economic uncertainties, air cargo performance declined as compared to 2021. That brought air cargo demand to 1.6% below 2019 (pre-pandemic) levels. The continuing measures by key governments to fight inflation by cooling economies are expected to result in a further decline in cargo volumes in 2023 by 5.6 per cent compared to pre-COVID levels. It will, however, take time for these measures to bite into cargo rates.”
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