Global cargo revenue to be $191bn in 2022, says IATA

According to the International Air Transport Association’s (IATA) latest projections, cargo revenue is expected to account for $191 billion of industry revenue in 2022 – slightly down from the estimated $204 billion in 2021 but nearly double the $100 billion achieved in 2019. “Overall, the industry is expected to carry over 68 million tonnes of cargo in 2022, which is a record high. As the trading environment softens slightly, cargo yields are expected to fall 10.4 percent compared with 2021. That only partially reverses the yield increases of 52.5 per cent in 2020 and 24.2 per cent in 2021, IATA said in its latest report. “Air cargo stood out as a lifeline for vaccines, supply chains, and airline revenues throughout the Covid-19 crisis. It has grown to be an even more vital contributor to revenues,” said Willie Walsh, Director General, IATA.