14th consecutive month of demand growth; 41 consecutive months of capacity growth.

Total demand, measured in cargo tonne-kilometres (CTKs), rose by 9.4 percent in September 2024 compared to September 2023 (10.5 percent for international operations) for a 14th consecutive month of growth. Capacity, measured in available cargo tonne-kilometres (ACTKs), increased by 6.4 percent compared to September 2023 (8.1 percent for international operations), according to the latest data from the International Air Transport Association (IATA). “This continued to be largely related to the growth in international belly capacity, which rose 10.3 percent, extending the trend of double-digit annual capacity growth to 41 consecutive months” Willie Walsh, Director General, IATA says: “September performance brought continued good news for air cargo markets. With 9.4 percent year-on-year growth, cargo volumes continued to mark all-time highs for demand. Yields are also improving, up 11.7 percent on 2023 and 50 percent above 2019 levels.