GENEVA, 5th November, 2024 (WAM) -- The International Air Transport Association (IATA) released data for September 2024 global air cargo markets showing continuing strong annual growth in demand.
According to IATA, total demand - measured in cargo tonne-kilometres (CTKs) - rose by 9.4% compared to September 2023 levels (10.5% for international operations) for a 14th consecutive month of growth.
Capacity - measured in available cargo tonne-kilometres (ACTKs) - increased by 6.4% compared to September 2023 (8.1% for international operations). This continued to be largely related to the growth in international belly capacity, which rose 10.3% - extending the trend of double-digit annual capacity growth to 41 consecutive months.
Willie Walsh, IATA’s Director-General, said, “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% in 2023 and 50% above 2019 levels. All this points to a strong finish for this year.”