Air cargo demand rises nearly ten percent in October

In terms of regional performance, Latin American carriers led with an impressive 18.5% year-on-year growth in demand for air cargo in October. Asia-Pacific airlines followed with a growth rate of 13.4%, while North American carriers experienced a growth of 9.5%. European carriers saw a demand increase of 7.6%, Middle Eastern carriers had a growth of 4.5%, and African airlines recorded the slowest growth at just 1.6%.

The report also highlighted trade lane growth across various regions with Europe-Asia routes experiencing a notable increase of 14.3%, while within Europe traffic grew by an impressive 18%.

Several factors influenced these trends including industrial production which rose by 1.6% year-on-year in September and global goods trade which increased by 2.4%. Despite these positive indicators, there remains uncertainty as reflected by the Purchasing Managers Index (PMI) for new export orders remaining below the growth-indicating mark.

Inflation rates showed mixed trends across major economies; US inflation rose slightly ending a six-month decline while EU inflation saw a modest increase and China's consumer inflation fell.

The IATA statistics cover both international and domestic scheduled air cargo operations for member and non-member airlines.