{"id":59008,"date":"2025-01-31T02:21:07","date_gmt":"2025-01-31T02:21:07","guid":{"rendered":"https:\/\/peraltafinancing.com\/aerospace\/air-cargo-volumes-set-new-record-in-2024-rose-by-11-3-over-2023-says-iata\/"},"modified":"2025-01-31T02:21:07","modified_gmt":"2025-01-31T02:21:07","slug":"air-cargo-volumes-set-new-record-in-2024-rose-by-11-3-over-2023-says-iata","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=59008","title":{"rendered":"Air cargo volumes set new record in 2024, rose by 11.3% over 2023 says IATA"},"content":{"rendered":"


\n<\/p>\n

\n

The International Air Transport Association (IATA) announced on Wednesday, January 29. 2025, that full-year global air cargo demand for 2024 (measured in cargo tonne-kilometers, or CTKs), increased by 11.3% compared to 2023, with international air freight volumes increasing by an even greater margin at 12.2%. These rises set new records for the air cargo industry which has been through turbulent times both before, during, and since the COVID-19 pandemic.<\/p>\n

In addition to total cargo volumes flown, air cargo<\/a> capacity also increased year-on-year, indicating that airlines are increasing the amount of air cargo capacity being offered in the marketplace. According to the latest air cargo report published by IATA, \u201cFull-year capacity in 2024, measured in available cargo tonne-kilometers (ACTK), increased by 7.4% compared to 2023 (9.6% for international operations).<\/p>\n

However, with global air cargo capacity increasing, this did have a downward effect on air cargo yields, dropping on average 1.6 percentage points lower than in 2023, although this figure remains a significant 39% \u00a0percent higher than those seen in 2019. For the month of December 2024, demand increased 6.1% year-on-year (7% for international operations), capacity was 3.7% higher (5.2% for international operations) and yields were up 6.6% (53.4% higher than in December 2019), the update added.<\/p>\n

\"Qatar\"Qatar
Duc Huy Nguyen
\n \/ Shutterstock<\/figcaption><\/figure>\n

\u201cAir cargo was the standout performer in 2024 with airlines moving more air cargo than ever before,\u201d says Willie Walsh, Director General of IATA<\/a>. \u201cImportantly, it was a year of profitable growth. Demand, up 11.3% year-on-year, was boosted by particularly strong e-commerce and various ocean shipping restrictions. This combined with airspace restrictions which limited capacity on some key long-haul routes to Asia helped to keep yields at exceptionally high levels.\u201d<\/p>\n

Regional breakdown<\/h2>\n

Asia-Pacific airlines\u00a0saw 14.5% year-on-year demand growth for air cargo in 2024, the strongest among the regions. Capacity increased by 11.3% year-on-year. December year-on-year demand increased 8.4% and capacity increased 6.3%. North American\u00a0carriers\u00a0saw 6.6% year-on-year demand growth for air cargo in 2024, the lowest of all regions. Capacity increased by 3.4% year-on-year. December year-on-year demand increased by 5.3% and capacity increased by 2.1%.<\/p>\n

European carriers\u00a0saw 11.2% year-on-year demand growth for air cargo in 2024. Capacity increased by 7.8% year-on-year. December year-on-year demand increased by 5.1% and capacity increased by 3.7%. Middle Eastern carriers\u00a0saw 13% year-on-year demand growth for air cargo in 2024. Capacity increased by 5.5% year-on-year. December year-on-year demand increased by 3.3% and capacity increased by 0.2%.<\/p>\n