Air cargo industry need to continue cooperating as during Covid: IATA
The International Air Transport Association (IATA) urged the air cargo industry to continue working together at the same pace, with the same levels of cooperation as during the Covid-19 pandemic to overcome future challenges and build industry resilience.
Sustainability, modernization, and safety were highlighted as key priorities for the industry post-pandemic. The call was made at the 14th World Cargo Symposium (WCS), which opened in Dublin today.
Brendan Sullivan, IATA’s global head of cargo, said, “Air cargo is a critically important industry. This pandemic reminded us of that. During the crisis, it has been a lifeline for society, delivering critical medical supplies and vaccines across the globe and keeping international supply chains open. And for many airlines, cargo became a vital source of revenue when passenger flights were grounded. In 2020, the air cargo industry generated $129 billion, which represented approximately a third of airlines’ overall revenues, an increase of 10–15 percent compared to pre-crisis levels. Looking towards the future, the outlook is strong. We need to maintain the momentum established during the crisis and continue building resilience post pandemic.”
