Globally, air cargo total demand, measured in cargo tonne-kilometers (CTK), declined by 0.1% compared to February 2024 levels (+0.4% for international operations). This marks the first decline since mid-2023.
Capacity, measured in available cargo tonne-kilometers (ACTK), decreased by 0.4% compared to February 2024 (+1.1% for international operations).
“February saw a small contraction in air cargo demand, the first year-on-year decline since mid-2023. Much of this is explained by February 2024 being extraordinary—a leap year that was also boosted by Chinese New Year traffic, sea lane closures and a boom in e-commerce. Rising trade tensions are, of course, a concern for air cargo. With equity markets already showing their discomfort, we urge governments to focus on dialogue over tariffs,” said Willie Walsh, IATA’s director general.
February Regional Performance
African airlines saw a 5.7% year-on-year decrease in demand for air cargo in February. Capacity decreased by 0.6% year-on-year.
Middle Eastern carriers saw an 11.9% year-on-year decrease in demand growth for air cargo in February, the slowest among the regions. Capacity decreased by 4.0% year-on-year.
Asia-Pacific airlines saw 5.1% year-on-year demand growth for air cargo in February. Capacity increased by 2.7% year-on-year.
North American carriers saw a 0.4% year-on-year decrease in demand growth for air cargo in February. Capacity decreased by 3.5% year-on-year.
European carriers saw a 0.1% year-on-year decrease in demand growth for air cargo in February. Capacity decreased 0.2% year-on-year.
Latin American carriers saw 6.0% year-on-year demand growth for air cargo in February, the strongest growth among the regions. Capacity increased 7.6% year-on-year.