Global air cargo demand rises as North American market posts double-digit growth

Global air cargo demand rose six per cent in May compared with a year earlier, led by strong growth in North America, Africa and Asia-Pacific, according to the International Air Transport Association (IATA).

IATA said demand, measured in cargo tonne-kilometres, increased six per cent year over year in May, while capacity rose 1.9 per cent. International demand increased 6.5 per cent.

North American carriers posted a 10.5 per cent increase in air cargo demand, with capacity up 2.4 per cent. African airlines recorded the strongest regional growth at 13.3 per cent, while Asia-Pacific carriers reported demand growth of eight per cent. European airlines saw a 6.7 per cent increase.

Middle Eastern carriers were the only region to post a decline, with demand falling 8.9 per cent and capacity down 9.2 per cent as conflict in the region continued to disrupt operations.

“May’s strong performance coupled with macro-economic factors give cautious optimism for air cargo’s prospects over the remainder of the year. Trade and manufacturing output are both growing,” said Willie Walsh, IATA’s director general. “Airlines have adapted operations to align with shifting demand patterns and supply chain needs. Meanwhile, yield growth and higher load factors are helping to recoup higher fuel costs. It’s still a tough year, particularly as Middle East uncertainties weigh heavily on parts of the industry, but robust demand and airline resilience are clear.”

IATA said global trade increased five per cent year over year in May, marking 25 consecutive months of annual growth. Global manufacturing output also remained positive, although export orders continued to weaken.

Among major trade lanes, Asia-North America recorded the strongest growth, followed by Africa-Asia, intra-Europe and Europe-Asia. Trade corridors linked to the Persian Gulf continued to be affected by the conflict in the Middle East.