June 2024 Global Air Cargo Report: IATA Data and Analysis
Steady Growth Despite Slight Decline
According to data released by the International Air Transport Association (IATA), global air cargo volumes experienced a slight dip in June 2024 compared to the previous month.
However, despite this modest decline, volumes remain significantly higher than the same period last year, indicating a sustained upward trend.
Key Drivers of the Upward Trend
- International Routes: Traffic on international routes has fueled the industry's strong CTK growth, increasing by a notable percentage.
- Global Disruptions: Continued maritime shipping disruptions and the surge in e-commerce have contributed to the increased demand for air cargo.
- Sustained Growth: The air cargo industry has now experienced six consecutive months of double-digit year-on-year growth.
Expert Insights
Willie Walsh, IATA's Director General, stated that "Air cargo demand surged in June," attributing it to the "rise of cross-border e-commerce, particularly from..."
Implications for the Industry
This sustained growth in air cargo is a testament to its resilience and adaptability to changing market dynamics.
Shippers and logistics providers should continue to monitor industry trends and invest in strategies that leverage the growth opportunities in air cargo.
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