The global air cargo sector experienced a remarkable 11.3% growth in demand in 2024, fueled by a surge in e-commerce and disruptions in ocean shipping.
This was disclosed in the International Air Transport Association (IATA) full-year and December 2024 air cargo market performance report, released on Wednesday.
IATA’s Director General, Willie Walsh, highlighted that the combination of strong e-commerce demand and ongoing ocean shipping restrictions played a pivotal role in driving the industry’s growth last year.
The air cargo market performance report for December 2024 showed continued strong growth, with global demand rising 6.1% year-on-year. Capacity increased by 3.7%, and cargo yields rose by 6.6% compared to December 2023, marking a 53.4% increase from December 2019.
African airlines saw an 8.5% year-on-year growth in demand, with capacity increasing by 13.6%. However, December 2024 figures showed a slight decline in demand, dropping by 0.9%, the lowest among all regions, though capacity grew by 1.8%.
Read more at Nairametrics
This was disclosed in the International Air Transport Association (IATA) full-year and December 2024 air cargo market performance report, released on Wednesday.
IATA’s Director General, Willie Walsh, highlighted that the combination of strong e-commerce demand and ongoing ocean shipping restrictions played a pivotal role in driving the industry’s growth last year.
The air cargo market performance report for December 2024 showed continued strong growth, with global demand rising 6.1% year-on-year. Capacity increased by 3.7%, and cargo yields rose by 6.6% compared to December 2023, marking a 53.4% increase from December 2019.
African airlines saw an 8.5% year-on-year growth in demand, with capacity increasing by 13.6%. However, December 2024 figures showed a slight decline in demand, dropping by 0.9%, the lowest among all regions, though capacity grew by 1.8%.
Read more at Nairametrics