THE threat of tariffs being imposed by the United States is the latest to confront the air cargo industry, reports Qatar's Gulf Times.
The various elements at play will be discussed in detail at the forthcoming World Cargo Symposium that will be held in Dubai in April.
With a double-digit increase in cargo tonne kilometres (CTKs) in 2024, the sector now comprises 15.6 per cent of industry revenues compared with 12 per cent in 2019. The market has grown across all regions and major routes.
With global trade and GDP growth stable at about three per cent, a solid 2025 is in the offing. In fact, IATA estimates revenues will reach US$157 billion based on a six per cent increase in demand.
Said IATA cargo chief Brendan Sullivan: 'It does appear that there has been a structural change for the better since the pandemic.'
The strength of e-commerce is a major plus point and will represent a growing portion of the air cargo business. Currently, e-commerce averages about 20 per cent of cargo business industry-wide, but it is expected to grow to at least a third of all cargo shipments.
SeaNews Turkey
The various elements at play will be discussed in detail at the forthcoming World Cargo Symposium that will be held in Dubai in April.
With a double-digit increase in cargo tonne kilometres (CTKs) in 2024, the sector now comprises 15.6 per cent of industry revenues compared with 12 per cent in 2019. The market has grown across all regions and major routes.
With global trade and GDP growth stable at about three per cent, a solid 2025 is in the offing. In fact, IATA estimates revenues will reach US$157 billion based on a six per cent increase in demand.
Said IATA cargo chief Brendan Sullivan: 'It does appear that there has been a structural change for the better since the pandemic.'
The strength of e-commerce is a major plus point and will represent a growing portion of the air cargo business. Currently, e-commerce averages about 20 per cent of cargo business industry-wide, but it is expected to grow to at least a third of all cargo shipments.
SeaNews Turkey
