News
Global air cargo demand improves for 15th consecutive month
December 4th 2024
The International Air Transport Association (IATA) said global air cargo remained strong in October, with cargo tonne kilometres (CTK) up 9.8% compared with a year ago. Read More » It was the 15th month in a row CTKs have increased on a year-on-year basis. Capacity, or available cargo tonne kilometres (ACTK), was higher by 5.9%, the airline lobby group said. IATA director general, Willie Walsh, said “while 2024 is shaping up to be a banner year for air cargo, we must look to 2025 with some caution”. “The incoming U.S. administration's intention to impose significant tariffs on imports from top trading partners Canada, China and Mexico has the potential to upend global supply chains and undermine consumer confidence,” he said.
Asia-Pacific recorded 13.4% CTK growth in the reported month and was runner-up to top performing Latin America's 18.5% expansion.
