AIR CARGO DEMAND INCREASES IN JANUARY
On 5 March, the International Air Transport Association (IATA) reported a robust start to the global air cargo markets in January 2024. Global demand for air cargo, measured in cargo tonne-kilometres (CTKs), increased 18.4% compared to January 2023. Capacity, measured in available cargo tonne-kilometres (ACTKs), was up 14.6% compared to January 2023, which was attributed to the increase of belly capacity. The performance of European carriers was positive, with cargo volumes increasing 16.4% in January compared to January 2023, with capacity increasing 12.4% in January 2024 compared to January 2023.
Willie Walsh, IATA’s Director General has noted that the positive start in January's air cargo demand was related predominantly to the e-commerce sector. He expressed concerns about China’s economic slowdown and emphasised the importance of closely monitoring how this will further unfold.
Source:
IATA