Global Air Cargo Demand Soars in First-Half 2024
Exceptional Performance Fueled by Strong Economic Conditions
The International Air Transport Association (IATA) released data for June 2024, indicating a remarkable surge in global air cargo demand during the first half of the year.
Strong Growth in June 2024
Air cargo demand in June 2024, measured in cargo tonne-kilometers (CTKs), increased by a substantial 14.1% compared to the same period in 2023.
Exceptional First-Half Performance
This growth contributed to an exceptional first half-year performance for air cargo, with volumes surpassing pre-pandemic levels.
Factors Contributing to Growth
- Strong global economic growth
- Increased e-commerce demand
- Supply chain disruptions driving air freight demand
Regional Trends
All regions experienced growth in air cargo demand, with Asia-Pacific leading the way with a 17.8% increase.
North America and Europe also saw strong growth, with 13.7% and 11.4% increases, respectively.
Outlook for the Future
IATA expects the strong growth in air cargo demand to continue throughout the rest of the year.
The association forecasts a 5.2% increase in full-year CTKs in 2024 compared to 2023.
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