June air cargo demand surges 14.1%, says IATA
The International Air Transport Association (IATA) has released data for June 2024 global air cargo markets showing continuing strong annual growth in demand.
This contributed to what IATA said was an “exceptional first half-year performance for air cargo”, with volumes exceeding 2023, 2022, and even the record-breaking 2021 levels.
• Total demand, measured in cargo tonne-kilometres (CTKs), rose by 14.1% compared to June 2023 levels (15.6% for international operations). This is the seventh consecutive month of double-digit year-on-year growth.
• Capacity, measured in available cargo tonne-kilometres (ACTKs), increased by 8.8% compared to June 2023 (10.8% for international operations).
• Total half-year (H1) demand increased by 13.4% compared to H1 2023, by 4.3% compared to H1 2022, and by 0.02% compared to H1 2021.
“Air cargo demand surged in June. Strong growth across all regions and major trade lanes combined for a record-breaking first-half performance in terms of CTKs. Maritime shipping constraints and a booming e-commerce sector are among the strongest growth drivers. Meanwhile, the sector has remained largely impervious to ongoing political and economic challenges, and the US customs crackdown on e-commerce deliveries from China. Air cargo looks to be on solid ground to continue its strong performance into the second half of 2024,” said Willie Walsh, IATA’s Director General.
