According to data for the month of March released by the International Air Transport Association (IATA) global air cargo demand rose by 10.3% compared to March 2023 levels (11.4% for international operations). This is the fourth consecutive month of double-digit year-on-year growth.
Capacity, measured in available cargo tonne-kilometers (ACTKs), increased by 7.3% compared to March 2023 (10.5% for international operations).
North American carriers saw 0.9% year-on-year demand growth for air cargo in March -the weakest among all regions. Demand on the North America-Europe trade lane grew by 2.9% year-on-year while Asia-North America grew by 4.7%.
European carriers saw 10.0% year-on-year demand growth for air cargo in March. Intra-European air cargo rose by 24.7%. Europe-Middle East routes saw demand grow by 38.3%, while Europe-North America expanded by 2.9%.
Asia-Pacific airlines saw 14.3% year-on-year demand growth for air cargo in March. Middle Eastern carriers saw 19.9% demand growth for air cargo in March – the strongest of all regions. Latin American carriers saw 9.2% year-on-year demand growth. African airlines saw 14.2% year-on-year demand growth.
Source: IATA