Cargo Breaking News
The International Air Transport Association (IATA), Asia-Pacific airlines saw 14.5 per cent year-on-year demand growth for air cargo in 2024, the strongest among all the regions. The capacity increased by 11.3 per cent YoY, whereas demand growth for the month of December YoY surged 8.4 per cent. Asia-Pacific airlines were followed by Middle Eastern carriers, which saw an increase of 11.2 per cent in demand growth for air cargo in 2024. The capacity increased by 7.8 per cent year-on-year, during the same period. “Air cargo was the standout performer in 2024 with airlines moving more air cargo than ever before. Importantly, it was a year of profitable growth. Demand, up 11.3 per cent year-on-year, was boosted by particularly strong e-commerce and various ocean shipping restrictions,” Willie Walsh, Director General, IATA, said.
