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Total demand for air cargo, measured in cargo tonne-kilometers (CTKs), increased by 9.4% in September 2024 compared to the same month last year. This growth marks the 14th consecutive month of expansion, with international operations seeing a rise of 10.5%. Capacity, assessed through available cargo tonne-kilometers (ACTKs), rose by 6.4%, driven largely by a continued increase in international belly capacity.
Willie Walsh, IATA's Director General, commented on this performance: “September performance brought continued good news for air cargo markets. With 9.4% year-on-year growth, cargo volumes continued to mark all-time highs for demand. Yields are also improving, up 11.7% on 2023 and 50% above 2019 levels. All this points to a strong finish for this year."
In terms of industrial production and global goods trade, there was an increase of 1.6% and 2.8%, respectively, indicating a positive trend over six months.
