Air cargo demand maintains strong growth in February

Air cargo data for February 2024 from the International Air Transport Association (IATA) has shown a total demand (measured in cargo tonne kilometres) rose by 11.9% compared to February 2023 levels. International operations rose by 12.4%. It marks the third consecutive month of double-digit year-on-year demand growth. Capacity (measured in available cargo tonne-kilometres) increased by 13.4% YoY and by 16% for international operations. This was mostly related to the increase in international belly capacity accompanying growth in passenger markets at 29.5% YoY increase, far exceeding international capacity on freighters at 3.2% YoY increase. “February’s demand growth of 11.9% far outpaced