In September 2024, the International Air Transport Association (IATA) reported robust growth in the global air cargo sector, with total demand, measured in cargo ton kilometers (CTKs), rising by 9.4% year-over-year. International air cargo operations saw an even higher increase of 10.5%. This marks the 14th consecutive month of demand growth for the air cargo industry. Capacity, measured in available cargo tonkilometers (ACTKs), also grew by 6.4% compared to September 2023, with international operations experiencing an 8.1% increase. The capacity growth was driven largely by a 10.3% rise in international belly capacity, which has sustained double-digit growth for 41 months straight. Willie Walsh, IATA’s Director General, highlighted the significance of this performance, noting that cargo volumes are achieving all-time highs and that yields are up 11.7% compared to 2023 and 50% higher than in 2019. This strong performance reflects a favorable outlook for the industry as it approaches the end of the year. Key Indicators: Industrial Production: Increased by 1.6% year-over-year. Global Goods Trade: Grew by 2.8% for the sixth consecutive month, with a monthly trade increase of 1.4%—the highest in
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Anamika Mishra,
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