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.
“Air cargo was the standout performer in 2024 with airlines moving more air cargo than ever before. Importantly, it was a year of profitable growth. Demand, up 11.3% year-on-year, was boosted by particularly strong e-commerce and various ocean shipping restrictions. This, combined with airspace restrictions which limited capacity on some key long-haul routes to Asia, helped to keep yields at exceptionally high levels,” Walsh said.
The report further revealed that the…
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