WCS to Focus on Building Resilience in Air Cargo
5 October 2022
The International Air Transport Association (IATA) announced that the IATA World Cargo Symposium (WCS) will focus on building resilience to further strengthen air cargo’s post-pandemic prospects.
COVID-19 tested the resilience of the air cargo business. Despite challenging conditions, air cargo delivered critical medical supplies and vaccines across the globe and kept international supply chains open. For many airlines, as passenger numbers plummeted, air cargo was a crucial source of revenue. In 2021, air cargo revenues reached a record $204 billion, which was more than double as compared to 2019 and accounted for some 40% of total airline revenues in 2021.
“Air cargo proved its resilience during the pandemic, and it is emerging stronger. The challenge now is to retain the momentum achieved in digitalization and other customer-centric efficiency gains. There is good reason to be optimistic. Air cargo is maintaining its strength even as economic and geo-political uncertainty grows. And this year’s WCS will focus on how the industry can capitalize on this resilience to build an even more promising and sustainable future for global air cargo,” said Brendan Sullivan, IATA’s Global Head of Cargo.