Ninth Straight Months of Double-Digit Growth for Air Cargo in August
Source: IATA The International Air Transport Association (IATA) released data for August 2024 global air cargo markets showing continued strong annual growth in demand. Total demand, measured in cargo tonne-kilometers (CTKs*), rose by 11.4% compared to August 2023 levels (12.4% for international operations). This is the ninth consecutive month of double-digit year-on-year growth, with overall levels reaching heights not seen since the record peaks of 2021. Capacity, measured in available cargo tonne-kilometers (ACTKs), increased by 6.2% compared to August 2023 (8.2% for international operations). This was largely related to the growth in international belly capacity, which rose 10.9% on the strength of passenger markets. Industry-wide capacity has reached an all-time high. “We continue to see very good news in air [...]