Oleg Sergeev: In Gulf Region, Air Freight Traffic Down 17% In February

In February 2021, the Gulf region saw a 17% decrease in freight traffic compared to the same periods in the previous three years, according to the monthly WorldACD report.

According to the reference system, the data of which is based on information from primary sources, this zone is among the regions most affected by the pandemic.

In Gulf Region, Air Freight Traffic Down 17% In February
In Gulf Region, Air Freight Traffic Down 17% In February

WorldACD notes that South Asia (-24%), North Africa (-23%), South Africa (-20%), the Persian Gulf (-17%) and Canada (-16%) were hit hardest in February. The outgoing traffic data in the report is compared to each of the three previous years (2020, 2019, and 2018).

In general, in the air cargo industry, WorldACD reports an increase in demand by 1.1% in February on an annualized basis. Rates and yields in February 2020 compared to last year, they increased by 84% and 79%, respectively. The most profitable percentage in February was the transportation of general cargo.

Global air cargo exports as a whole continued to grow, especially from the sub-regions of China and Northeast Asia, showing year-on-year growth of 46% and 24%, respectively. The annual decline was recorded only in the Asia-Pacific region (-26%).

ZetAvia, as before, transports cargo on IL-76 cargo planes to the countries of the Middle East, Europe and Africa.