The article reports that global air cargo traffic decreased by 22.6% in December 2008 based on a report released by the International Air Transport Association. It is stated that the decline in cargo volume was reflected in all major markets. Asia-Pacific carriers saw a 26% drop in shipments ...
Air cargo and the COVID-19 pandemic Amid the coronavirus (COVID-19) pandemic, the global air cargo industry demonstrated a confounded business performance. Although the level of air freight volume declined, the total revenue generation increased. While passenger aviation was hit harshly and swamped...
"Nowadays, aviation carries 3 billion passengers annually, carries also 50 million tons of air cargo, representing 0.5 percent of all the cargo volume globally. (It is) representing 35 percent of the value of international trade."
Air cargo market: modest recovery and steady growth While passenger traffic takes the spotlight, the air cargo market is also showing signs of recovery. After a slight dip in 2023, global air cargo volume is projected to rebound in 2024, with a 6% year-on-year growth rate. Long-term forec...
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2024 demand continues to outpace capacity growth, leading to increasing market rates, particularly driven by ex-APAC lanes impacted by heavy eCommerce volume. Demand Vs. Capacity Rates Demand Vs. Capacity Global air cargo demand’s increase of +8.0% in September (+7.0% without eCommer...
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What is the future of trade? How is air cargo being impacted? What trends are shaping international trade? Our suite of trade solutions and services helps our clients understand the business impacts and provides the tools they need to make business decisions. ...