Pictured: Willie Walsh, Director General of IATA
Demand measured in cargo tonne kilometres (CTK) was up 3.2% compared to January 2024 and capacity was up 6.8% measured in available CTK (ACTK).
The cargo load factor was down 1.5 percentage points to 43.9% and yields in January were down 9.9% from December.
Willie Walsh, Director General of IATA says, “While external factors such as trade growth, declining fuel costs and expanding e-commerce remain positive for air cargo, it is important to closely watch the evolution of market conditions at this time. In particular, the wild card is the potential for tariff-driven trade policies from the US Trump Administration. Fortunately, the air cargo industry is well practiced at dealing with shifts in the operating environment.”
In December, industrial production rose by 2.6% year-on-year and the global goods trade grew for the ninth consecutive month by 3.3%.
The Purchasing Managers Index (PMI) for global manufacturing output was 50.62 in January, above the 50-mark indicating growth, and the PMI for new export orders rose to 49.37.
Consumer inflation in the US and European Union rose 0.1 percentage points in both to 3% and 2.8% respectively.
Chinese consumer inflation was 0.5% in January after falling to 0.1% in previous months.
Demand among Asia Pacific airlines increased by 7.5% in January and capacity was up 10.9%.
North American carriers saw demand growth of 5.3% and capacity increase by 7.5%.
Demand for European carriers grew 1.3% and capacity was up 3.5%.
Middle Eastern carriers had the worst performance with an 8.4% fall and capacity decreased by 1.2%.
Latin America had the strongest performance with an 11.2% increase and capacity rising by 10.6%.
African carriers saw demand decreasing by 3.4% and capacity increase by 5.4%.