4th Month of Good Growth for Airfreight

4th Month of Good Growth for Airfreight

THE International Air Transport Association (IATA) said March experienced a surge in global air cargo demand.

Compared to March 2023, total demand, quantified in cargo tonne-kilometres (CTKs), escalated by 10.3 percent, marking the fourth consecutive month of double-digit year-on-year growth.

Concurrently, capacity, measured in available cargo tonne-kilometres (ACTKs), saw a 7.3 percent increase from the previous year.

IATA director general Willie Walsh underscored this robust performance, expressing optimism about 2024 as a solid year for air cargo.

Factors like global cross-border trade, industrial production and inflation rates signal moderate upward trajectories in the operational environment.

The report further delineates region-specific trends, with notable demand growth observed in Asia-Pacific, Middle East, and African carriers, while North American carriers witnessed comparatively subdued growth.

Despite prevailing challenges, the overall forecast for the air cargo industry remains positive, buoyed by improving economic conditions worldwide.