IATA released data showing a 9.4% year-over-year increase in global air cargo demand in September 2024, marking the 14th consecutive month of growth. International cargo operations grew by 10.5%, while capacity, measured in available cargo tonne-kilometers (ACTKs), rose 6.4% overall and 8.1% internationally. The rise in capacity is mainly attributed to international belly capacity, which expanded by 10.3%, continuing a 41-month trend of double-digit growth in this segment.
IATA’s Director General Willie Walsh said, “September performance brought continued good news for air cargo markets. With 9.4% year-on-year growth, cargo volumes continued to mark all-time highs for demand. Yields are also improving, up 11.7% in 2023 and 50% above 2019 levels. All this points to a strong finish for this year. For longer-term trends, the air cargo world will be closely following the outcome of the US election for indications of how US trade policy will evolve.”
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