December 19, 2023
According to data for the month of October released by the International Air Transport Association (IATA) global air cargo demand, measured in cargo tonne-kilometres, increased by 3.8% compared to October 2022, the third consecutive month of stronger year-on-year demand. For international operations, the demand lagged slightly at 3.5%.
Capacity, measured in available cargo tonne-kilometres (ACTKs), was up 13.1% compared to October 2022 (11.1% for international operations). This was largely related to the growth in belly capacity. International belly capacity, for example, rose 30.5% year-on-year on the strength of passenger markets.
Middle Eastern carriers had the strongest performance in October 2023, with a 10.9% year-on-year increase in cargo volumes. Asia-Pacific airlines saw their air cargo volumes increase by 7.6% and European carriers saw their air cargo volumes increase by 1.0%.
North American carriers had the weakest performance in October with a 1.8% decrease (YoY) in cargo volumes. This was a slight improvement in performance compared to September (-2.2%).
Source: IATA