The International Air Transport Association (IATA) reported that air cargo demand in November rose 5.5% year-on-year , driven mainly by early holiday shopping and other factors, with a strong finish expected for 2025.
“Strong demand from emerging markets and selective growth in the Middle East more than offset weakness in the Americas amid ongoing adjustments to the new US tariff regime. Globally, the fourth quarter for air cargo was resilient, as strategic trade redirection influenced performance in key markets. The strong finish for 2025 bodes well for the air cargo industry as we begin the new year,” said Willie Walsh, IATA’s Director General.
Meanwhile, global cargo capacity (available cargo tonne-kilometers, ACTK) increased 4.7% year-on-year, supporting a load factor (CLF) of 49.1%, 0.4 percentage points higher than in November 2024.
In cumulative figures up to November, IATA specified that they show an increase of 3.3% , which underlines the continued resilience of international air cargo transport.
During that month, Asia-Pacific airlines experienced a 10.3% year-over-year increase in air cargo demand. Capacity increased by 8.4% year-over-year.
Latin American and Caribbean airlines experienced a year-on-year decline of 4.8% , the weakest performance of all regions. Capacity decreased 3% year-on-year.
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