2024 is shaping up to be a strong year for air cargo but 2025 needs to be approached with caution, warns Willie Walsh, Director General of IATA.
Air cargo traffic is predicted to double by 2043 with annual growth averaging 4%, according to the Boeing World Air Cargo Forecast.
The global air cargo market will end 2024 with double-digit growth after another strong month in October, according to figures from Xeneta.
Global air cargo demand registered its ninth straight month of double-digit growth in August, says the International Air Transport Association (IATA).
Airlines and freight forwarders need to balance protecting customer relationships with short-term revenue gains from market volatility, says Xeneta.
Summer was the warm up act for the peak season with double-digit growth for demand and spot rates in August, according to Xeneta.
Air cargo demand grew at double-digit rates for the eighth month in a row, reaching levels not seen since the pandemic peaks of 2021, according to the International Air Transport Association (IATA).
Air cargo demand and global spot rates rose again in July, raising questions about whether tailwinds will continue into the peak season, according to Xeneta.
Global air cargo demand ended the first half of the year at levels not seen since the peak of the pandemic, reports the International Air Transport Association (IATA).
Shippers and forwarders who have not prepared for the peak season may find themselves at the mercy of the market, Xeneta has said in its latest monthly update.
The global air cargo market continued to grow at double-digit rates in May with an increase of almost 15%, according to data from the International Air Transport Association (IATA).
Air cargo demand has grown at double-digit rates for the sixth consecutive month and double-digit growth for the year is possible, according to data analysis by Xeneta.