b'26American Journal ofTransportation ajot.comIATA data shows demand continues to track at near pre-pandemic levelsTheInternationalAirin China should prevent such TransportAssociation(IATA)notabledeclinesinvolumes. releaseddataforJuly2022Available capacity in the region globalaircargomarketsincreased by 2.7% compared to showing that demand contin- July 2021.ued to track at near pre-pan- NorthAmericancarri-demic levels in July (-3.5%),ersposteda5.7%decrease but below July 2021 perfor- incargovolumesinJuly mance (-9.7%). 2022comparedtothesame Globaldemand,measuredmonth in 2021. This was an in cargo ton-kilometers (CTKs*),improvement over the 13.5% fell9.7%comparedtoJulydecline in June.The lifting 2021 (-10.2% for internationalofrestrictionsinChinaisAIR CARGO QUARTERLYoperations). Demand stood atexpected to boost demand in -3.5% compared to July 2019. thecomingmonths.Capac-Capacity was 3.6% aboveity was up 4.2% compared to July2021(+6.8%forinter- July 2021.national operations) but stillEuropeancarrierssawa 7.8% below July 2019 levels. 17% decrease in cargo volumes Severalfactorsinthein July 2022 compared to the operatingenvironmentshould(TRACKcontinued onbe noted:page 28) Menzies Aviation was recently selected as new cargo ground handler at Philadelphia International Airport New export orders, a leading indicatorofcargodemand, decreased in all markets, except Chinawhichbeganasharp upward trend in June. The war in Ukraine contin-ues to impair cargo capacity used to serve Europe as sev-eral airlines based in Russia and Ukraine were key cargo players. Global goods trade contin-ued to recover in Q2 and the additional easing of COVID-19 restrictions in China will furtherboostrecoveryin coming months. While mari-timewillbethemainben-eficiary,aircargoissetto receive a boost.Air cargo is tracking at near2019levelsalthoughit hastakenastepbackcom-paredtotheextra-ordinary performanceof2020-2021. Volatility resulting from supply chainconstraintsandevolv-ingeconomicconditionshas seencargomarketsessen-tiallymovesidewayssince April. July data shows us that aircargocontinuestohold its own, but as is the case for almostallindustries,well need to carefully watch both economic and political devel-opmentsoverthecoming months,saidWillieWalsh, IATAs Director GeneralNote:Wehavereturned toyear-on-yeartrafficcom-parisons, instead of compari-sonswiththe2019period, unless otherwise noted. July Regional Performance Asia-Pacific airlines saw their air cargo volumes decrease by 9.0%inJuly2022compared tothesamemonthin2021. This was a significant decrease over the 2.1% decline in June. Airlines in the region continue to be impacted by the conflict inUkraine,laborshortages, and lower levels of trade and manufacturingactivitydueto Omicron-relatedrestrictions. The scale of the decrease indi-cates volatility in volumes, as pent-up demand from the last Omicron-relatedlockdowns'