GLOBAL air freight demand in June, measured in cargo tonne-kilometres (CTKs), rose 14.1 per cent compared to June 2023 levels (15.6 per cent for international operations), reported the International Air Transport Association (IATA).
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 per cent compared to June 2023 (10.8 per cent for international operations).
Total half-year (H1) demand increased by 13.4 per cent compared to H1 2023, by 4.3 per cent compared to H1 2022, and by 0.02 per cent compared to H1 2021.
Said iata director general Willie Walsh: 'Ccrgo 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.'
He said maritime shipping constraints and a booming e-commerce sector were among the strongest growth factors.
'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 Mr Walsh.
Asia-Pacific airlines saw 17 per cent year-on-year demand growth for air cargo in June - the strongest among all regions. Demand on the Africa-Asia trade lane grew by 37.5 per cent year-on-year, while the Europe-Asia, Within Asia and Middle East-Asia trade lanes rose by 20.3 per cent, 21 per cent and 15.1 per cent respectively. Capacity increased by 10.7 per cent year-on-year.
North American carriers saw 9.5 per cent year-on-year demand growth for air cargo in June - the weakest among all regions. Demand on the North America-Europe route saw an increase of 6.7 per cent, while the Asia-North America trade lane, the world's largest, grew by 12.8 per cent year-on-year, the largest annual increase in five months. June capacity increased by six per cent year-on-year.
European carriers saw 16.1 per cent year-on-year demand growth for air cargo in June. Intra-European air cargo rose by 16.7 per cent compared to June 2023, the sixth month in a row of double-digit annual growth. Europe-Middle East and Europe-Asia routes saw demand increase by 30.2 per cent and 20.3 per cent respectively. June capacity increased 9.1 per cent year-on-year.
Middle Eastern carriers saw 13.8 per cent year-on-year demand growth for air cargo in June. As mentioned above, the Middle East-Europe market performed particularly well with 30.2 per cent annual growth, ahead of Middle East-Asia which grew by 15.1 per cent year-on-year. June capacity increased 6.9 per cent year-on-year.air rates rising
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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 per cent compared to June 2023 (10.8 per cent for international operations).
Total half-year (H1) demand increased by 13.4 per cent compared to H1 2023, by 4.3 per cent compared to H1 2022, and by 0.02 per cent compared to H1 2021.
Said iata director general Willie Walsh: 'Ccrgo 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.'
He said maritime shipping constraints and a booming e-commerce sector were among the strongest growth factors.
'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 Mr Walsh.
Asia-Pacific airlines saw 17 per cent year-on-year demand growth for air cargo in June - the strongest among all regions. Demand on the Africa-Asia trade lane grew by 37.5 per cent year-on-year, while the Europe-Asia, Within Asia and Middle East-Asia trade lanes rose by 20.3 per cent, 21 per cent and 15.1 per cent respectively. Capacity increased by 10.7 per cent year-on-year.
North American carriers saw 9.5 per cent year-on-year demand growth for air cargo in June - the weakest among all regions. Demand on the North America-Europe route saw an increase of 6.7 per cent, while the Asia-North America trade lane, the world's largest, grew by 12.8 per cent year-on-year, the largest annual increase in five months. June capacity increased by six per cent year-on-year.
European carriers saw 16.1 per cent year-on-year demand growth for air cargo in June. Intra-European air cargo rose by 16.7 per cent compared to June 2023, the sixth month in a row of double-digit annual growth. Europe-Middle East and Europe-Asia routes saw demand increase by 30.2 per cent and 20.3 per cent respectively. June capacity increased 9.1 per cent year-on-year.
Middle Eastern carriers saw 13.8 per cent year-on-year demand growth for air cargo in June. As mentioned above, the Middle East-Europe market performed particularly well with 30.2 per cent annual growth, ahead of Middle East-Asia which grew by 15.1 per cent year-on-year. June capacity increased 6.9 per cent year-on-year.air rates rising
SeaNews Turkey
