Cargo market in APAC, Middle East appear robust: ACI

Cargo markets in Asia-Pacific and the Middle East continued to remain robust, driven by a resurgence of air cargo volumes in China and the re-routing of Europe-Asia cargo through Middle Eastern hubs to avoid Russian airspace, as per Airports Council International (ACI) Asia-Pacific’s recent Industry Outlook. Improvements in supply chain constraints and the easing of COVID-19 curbs in China are likely to ease market conditions and drive demand for air cargo. The index based on actual cargo tonnage indicates that in Q1 2022, air cargo volumes are above Q1 2019 levels across most sub-regions.