Air cargo

African airlines see 6.2 year-on-year rise in demand for air cargo transport in July

Posted on by Wole Shadare
African airlines see 6.2 year-on-year rise in demand for air cargo transport in July

The International Air Transport Association (IATA) has has released its July 2024 y-o-y analysis of the air cargo market (a very useful barometer of trade) based on capacity (supply) and traffic (demand). During the month in review, African airlines saw 6.2% year-on-year demand growth for air cargo in July, the lowest of all regions and their lowest recorded figure in 2024. Demand on the Africa–Asia market increased by 15.4% compared to July 2023, just as July…

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Amid Africa’s 2% global cargo market, region sees 14.2% year-on-year demand growth

Posted on by Wole Shadare
Amid Africa’s 2% global cargo market, region sees 14.2% year-on-year demand growth

The International Air Transport Association (IATA) said Africa, which accounts for 2.0% of the global air cargo market saw 14.2% year-on-year demand growth for air cargo. The clearing house for more than 300 global airlines just released its latest y-o-y analysis of the air cargo market (a very useful barometer of trade) based on capacity (supply) and traffic (demand) in March 2024 stated that demand in Africa–Asia market increased to 22.9%, however, this was a…

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Demand for air cargo for African airlines up 2.9%, says IATA

Posted on by Wole Shadare
Demand for air cargo for African airlines up 2.9%, says IATA

African airlines saw their air cargo volumes increase by 2.9% in October 2023, much improved compared to September’s performance (-0.1%). Carriers in the region benefitted from the strongest annual growth since May (+16.7%). Capacity was 9.8% above the October 2022 levels. This is contained in the International Air Transport Association (IATA) released data for October 2023 global air cargo markets indicating the third consecutive month of stronger year-on-year demand. Global demand, measured in cargo tonne-kilometres (CTKs*),…

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