IATA launched data for July 2024 global air cargo markets showing continuing solid annual development in seek data from of.
Total seek data from of, measured in cargo tonne-kilometers (CTKs), rose by 13.6% in comparison with July 2023 stages (14.3% for world operations). That is the eighth consecutive month of double-digit One year-on-One year development, with overall stages reaching heights now not seen for the reason that file peaks of 2021.
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Capacity, measured in readily accessible cargo tonne-kilometers (ACTKs), elevated by 8.3% in comparison with July 2023 (10.1% for world operations). This was once largely related to the expansion in world abdominal ability, which rose 12.8% on the strength of passenger markets and balancing the 6.9% development of world freighter ability. It must be smartly-known that the rise in abdominal ability is the bottom in 40 months, whereas the expansion in freighter ability is the highest since an mighty jump was once recorded in January 2024.
“Air cargo seek data from of hit file highs One year-to-date in July with solid development proper by means of all regions. The air cargo commercial continues to enjoy development in global trade, booming e-commerce and ability constraints on maritime birth. With the height season quiet to attain, it’s miles shaping to be a extraordinarily solid One year for air cargo. And airways comprise proven adept at navigating political and financial uncertainties to flexibly meet rising seek data from of traits,” said Willie Walsh, IATA’s director customary.
Center Jap carriers saw 14.7% One year-on-One year seek data from of development for air cargo in July.
The Center East–Europe trade lane performed particularly smartly, surging 32.2%, forward of Center East-Asia, which grew by 15.9% One year-on-One year. July ability elevated 4.4% One year-on-One year.
African airways saw 6.2% One year-on-One year seek data from of development for air cargo in July – the bottom of all regions and their lowest recorded resolve in 2024. Demand in the Africa–Asia market elevated by 15.4% in comparison with July 2023. July ability elevated by 10.5% One year-on-One year.
Asia-Pacific airways saw 17.6% One year-on-One year seek data from of development for air cargo in July – the strongest of all regions. Demand for the Inside of-Asia trade lane grew by 19.8% One year-on-One year, whereas the Europe-Asia, Center East-Asia, and Asia-Africa trade lanes rose by 17.9%, 15.9% and 15.4%, respectively. Capacity elevated by 11.3% One year-on-One year.
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North American carriers saw 8.7% One year-on-One year seek data from of development for air cargo in July. Enhance was once hampered in allotment by flight cancellations and airport closures in the US and the Caribbean relating to Hurricane Beryl. Demand on the Asia-North The united states trade lane, the ideal trade lane by quantity, grew by 10.8% One year-on-One year, whereas the North The united states-Europe route saw a modest elevate of 5.3%. July ability elevated by 7.0% One year-on-One year.
European carriers saw 13.7% One year-on-One year seek data from of development for air cargo in July. The Center East–Europe trade lane led development, up 32.2%, affirming a bound of double-digit annual development that originated in September 2023. The Europe–Asia route, the 2nd ideal market, was once up 17.9%. Inside of Europe also saw double-digit development, up 15.5%. July ability elevated 7.6% One year-on-One year.
Latin American carriers saw 11.1% One year-on-One year seek data from of development for air cargo in July. As with North American carriers, development was once hampered in allotment by flight cancellations and airport closures in the US and the Caribbean related to Hurricane Beryl. Capacity elevated 9.4% One year-on-One year.
