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Global air cargo demand surged 8.2% in November 2024, driven by e-commerce and ocean shipping constraints.
In November 2024, global air cargo demand increased by 8.2%, marking 16 straight months of growth, fueled by strong e-commerce demand and capacity limits in ocean shipping.
Asia-Pacific airlines led with a 13.2% demand rise, while North American and European carriers saw increases of 6.9% and 5.6%, respectively.
Cargo capacity grew 4.6%, and fuel costs remained 22% below the previous year.
Despite the positive trends, risks like inflation and geopolitical tensions could impact future performance.
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