Frankfurt, Brussels and Vienna are the latest European airports to report a rise in air cargo demand last year as e-commerce volumes boosted performance
Air cargo capacity grew by double-digit percentage levels last year, with bellyhold capacity recovering and freighter space remaining above pre-Covid levels
The air cargo industry outlook for 2025 is positive following a busy December but the market also faces a range of risks
Air cargo demand was up 8.2% in November, marking a 16th consecutive month of growth, according to airline association IATA
Air cargo volumes are predicted by IATA to rise by 5.8% year on year to reach 72.5m tonnes in 2025, supported by e-commerce and Red Sea-related demand.
Air cargo demand continued to increase at double-digit percentage levels in November but the industry managed to avoid supply chain chaos despite the rapid growth.
The Asia Pacific region now generates 41% of all air cargo volumes as manufacturing in the region continues to grow, according to new research from data provider WorldACD.
Air cargo volumes remained robust in October as traffic was up year on year for the fifteenth consecutive month but the coming 12 months should be viewed with caution, according to IATA.
Airfreight rates on major trades out of Hong Kong picked up in November for the peak season, although the rate of change lags behind historical levels.
While rates out of Asia have been flatter than expected in recent weeks, prices on the transatlantic trade lane have taken off as passenger airlines have been reducing belly capacity in line with the quieter winter season and Guarulhos International Airport (GRU) has been hit with congestion.
Only a few months ago, the air cargo industry was preparing for what was expected to be a busy peak season out of Asia. However, the flatlining of airfreight rates out of the Asia Pacific region in recent weeks appears to confirm that while the industry remains busy, the peak ...
Vienna Airport has registered a double-digit increase in cargo volumes over the first nine months of the year.
Spot rates are elevated globally and are up 25% year on year (YoY) out of Asia Pacific in particular, as the fourth quarter peak season continues.
The global air cargo fleet is forecast to rise to 3,900 freighters by 2043, an approximate 66% increase from 2,340 cargo aircraft in 2023.