The International Air Transport Association (IATA) released data for global air cargo markets for June, showing a 9.9% improvement on pre-COVID-19 performance (June 2019). This pushed the first half-year air cargo growth to 8%, its most robust first-half performance since 2017 (when the industry posted 10.2% year-on-year growth).As comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted, all comparisons to follow are to June 2019, which followed a typical demand pattern.Global demand for June 2021, measured in cargo tonne-kilometres (CTKs*), was up 9.9% compared to June 2019.Regional variations in performance are significant. North American carriers contributed 5.9 percentage points (ppts) to the 9.9% growth rate in June. Middle East carriers contributed 2.1 ppts, European airlines 1.6 ppts, African airlines 0.5 ppts and Asia-Pacific carriers 0.3 ppts. Latin American carriers did not support the growth, shaving 0.5 ppts off the total.
Sunlight Group provides clients with an e-commerce ecosystem that enables cost-effective and time-efficient operations, which is key for accelerating their growth. In doing so, Sunlight Group serves as one of the critical players supporting e-commerce businesses and shaping the future of the e-commerce industry in the region.We have a very substantial balance sheet, and quite a substantial war chest. We had $11.5 billion in free cash flow and we have no debts, so we have quite a significant ability to make acquisitions.We hope to announce more acquisitions by the end of the year, adding that two additional targets would probably be a reasonable near-term expansion.impact of coronavirus pandemic restrictions encourages retailers and manufacturers to rush more goods to markets.