Complete movement of essential medicines and goods has been felicitated via civil aviation and cargo, making cargo an integral part of the aviation system. Aviation has emerged as a resilient sector that can survive through this pandemic, mentioned Pradeep Singh Kharola, IAS, Secretary, Ministry of Civil Aviation in the 7th edition of PHD Global Aviation & Air Cargo Summit themed Aviation -Air Cargo Industry’s New Growth Blueprint & Business Resurgence Parameters organized by PHD Chamber of Commerce and Industry. Pradeep Singh Kharola mentioned that the Indian aviation sector has faced a lot of challenges caused by the pandemic but survived due to the air freight and cargo, implicating the extensive potential of air cargo across borders. An aviation system can function when all...
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The International Air Transport Association (IATA) announced full-year global passenger traffic results for 2020 showing that demand (revenue passenger kilometers or RPKs) fell by 65.9% compared to the full year of 2019, by far the sharpest traffic decline in aviation history. Furthermore, forward bookings have been falling sharply since late December. Similarly, data for global air freight markets show that demand for air cargo decreased by 10.6% in 2020, compared to 2019. This was the largest drop in year-on-year demand since IATA started to monitor cargo performance in 1990, outpacing the 6% fall in global trade in goods. International passenger demand in 2020 was 75.6% below 2019 levels. Capacity, (measured in available seat kilometers or ASKs) declined 68.1% and load factor fe...
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