9.4% surge in growth demand for air cargo in September

IATA released the data for the September 2024 global air cargo markets. Total demand, measured in CTKs (cargo-tonne kilometers) grew by 9.4 per cent in comparison with the corresponding period in 2023, resulting in 14^th consecutive month of growth in the sector. Asia Pacific and Europe region saw a growth of 11.7 per cent YoY during the period. “September performance brought continued good news for air cargo markets. With 9.4% year-on-year growth, cargo volumes continued to mark all-time highs for demand. Yields are also improving, up 11.7% on 2023 and 50% 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,” said Willie Walsh, IATA’s Director General.