AJOT | April 28, 2022 | Air Cargo | Freighters
To put the air cargo industry’s performance in 2022 in perspective, we have looked at the worldwide development of chargeable weight in the last 10 years. As shown in the chart below, in the period from 2012 to 2018 the Year-on-Year (YoY) growth for chargeable weight was a single digit positive percentage for each of the years, with an average annual growth of +4%. The YoY change in 2019 was -4%, followed by -14% in the first covid year 2020. In 2021, the worldwide air cargo business bounced back with a +19% increase, bringing 2021 above the 2019, but below the 2018 level.