AIR cargo demand continued to increase at a high level in September, although year-on-year improvements narrowed slightly compared with the last nine months, reports London's Air Cargo News.
The latest figures from IATA show that air cargo demand in cargo tonne km terms increased by 9.4 per cent year on year in September. Capacity was up 6.4 per cent and the average cargo load factor improved by 1.3 percentage points to 45.6 per cent.
The capacity increase is largely related to the growth in international belly capacity, which rose 10.3 per cent, 'extending the trend of double-digit annual capacity growth to 41 consecutive months'.
While cargo volume growth remains impressive, it has slowed from the double-digit improvements that were recorded in the preceding nine months.
IATA director general Willie Walsh said: 'September performance brought continued good news for air cargo markets. With 9.4 per cent year-on-year growth, cargo volumes continued to mark all-time highs for demand.
'Yields are also improving, up 11.7 per cent on 2023 and 50 per cent above 2019 levels. All this points to a strong finish for this year. For longer-term trends, the air cargo world will be closely following the outcome of the US election for indications of how US trade policy will evolve.'
Looking at regional performance, Asia Pacific airlines registered 11.7 per cent year-on-year demand growth for air cargo in september and capacity was up 8.5 per cent.
North American carriers noted a 3.8 per cent year-on-year demand growth, while capacity was up 4.2 per cent year-on-year.
'European carriers saw 11.7 per cent year-on-year demand growth for air cargo in September. Capacity increased 7.5 per cent year on year,' IATA said.
Middle Eastern carriers registered a 10.1 per cent increase in demand against a 2.9 per cent improvement in capacity.
For Latin American carriers there was a 20.9 per cent year-on-year demand growth for air cargo in September 'the strongest growth among the regions', IATA pointed out, while capacity increased 7.9 per cent.
African airlines saw 1.7 per cent year-on-year demand growth for air cargo in September, the slowest among regions. Meanwhile, capacity increased 13.9 per cent.
Demand growth on international routes increased by 10.5 per cent year on year in September as carriers benefited from 'rising e-commerce demand in the US and Europe amid ongoing capacity limits in ocean shipping'.
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The latest figures from IATA show that air cargo demand in cargo tonne km terms increased by 9.4 per cent year on year in September. Capacity was up 6.4 per cent and the average cargo load factor improved by 1.3 percentage points to 45.6 per cent.
The capacity increase is largely related to the growth in international belly capacity, which rose 10.3 per cent, 'extending the trend of double-digit annual capacity growth to 41 consecutive months'.
While cargo volume growth remains impressive, it has slowed from the double-digit improvements that were recorded in the preceding nine months.
IATA director general Willie Walsh said: 'September performance brought continued good news for air cargo markets. With 9.4 per cent year-on-year growth, cargo volumes continued to mark all-time highs for demand.
'Yields are also improving, up 11.7 per cent on 2023 and 50 per cent above 2019 levels. All this points to a strong finish for this year. For longer-term trends, the air cargo world will be closely following the outcome of the US election for indications of how US trade policy will evolve.'
Looking at regional performance, Asia Pacific airlines registered 11.7 per cent year-on-year demand growth for air cargo in september and capacity was up 8.5 per cent.
North American carriers noted a 3.8 per cent year-on-year demand growth, while capacity was up 4.2 per cent year-on-year.
'European carriers saw 11.7 per cent year-on-year demand growth for air cargo in September. Capacity increased 7.5 per cent year on year,' IATA said.
Middle Eastern carriers registered a 10.1 per cent increase in demand against a 2.9 per cent improvement in capacity.
For Latin American carriers there was a 20.9 per cent year-on-year demand growth for air cargo in September 'the strongest growth among the regions', IATA pointed out, while capacity increased 7.9 per cent.
African airlines saw 1.7 per cent year-on-year demand growth for air cargo in September, the slowest among regions. Meanwhile, capacity increased 13.9 per cent.
Demand growth on international routes increased by 10.5 per cent year on year in September as carriers benefited from 'rising e-commerce demand in the US and Europe amid ongoing capacity limits in ocean shipping'.
SeaNews Turkey
