For the month of November, the International Air Transport Association (IATA) has revealed that total demand measured in cargo tonne-kilometres (ctk), rose for the 16th consecutive month, increasing by 8.2% compared to November 2023 levels (+9.5% for international operations).
This makes interesting reading for the U-Freight Group, with our strong presence in the expedited international airfreight business.
Asia-Pacific airlines saw 13.2% year-on-year demand growth for air cargo in November, the strongest growth amongst the regions, followed by Latin American (+11.6%), North American (+6.9%), Europe (+5.6%) and the Middle East (+3.6%). African airlines registered a 0.7% decrease in demand.
IATA director general Willie Walsh said that: “It was a good November for air cargo. All things considered, we’re looking to close 2024’s air cargo performance on a profitable note. Whilst this strong performance is likely to extend into 2025, there are some downside risks that must be carefully watched.”
For more information about the U-Freight Group’s global air freight forwarding and logistics services, or our e-commerce logistics operations, please visit the relevant pages of this website or contact your local office, details of which can be seen here: https://www.ufreight.com/en/location
