Geneva – The International Air Transport Association (IATA) released data for June 2024 global air cargo markets showing continuing strong annual growth in demand. This contributed to an exceptional first half-year performance for air cargo, with volumes exceeding 2023, 2022, and even the record-breaking 2021 levels.
“Air cargo demand surged in June. Strong growth across all regions and major trade lanes combined for a record-breaking first-half performance in terms of CTKs. Maritime shipping constraints and a booming e-commerce sector are among the strongest growth drivers. Meanwhile, the sector has remained largely impervious to ongoing political and economic challenges, and the US customs crackdown on e-commerce deliveries from China. Air cargo looks to be on solid ground to continue its strong performance into the second half of 2024,” said Willie Walsh, IATA’s Director General.
Several factors in the operating environment should be noted:
Air cargo market in detail – June 2024
June 2024
(% year-on-year) World share1 CTK ACTK CLF (%-pt) CLF (level)
Total Market 100% 14.1% 8.8% 2.1% 45.8%
Africa 2.0% 11.8% 23.8% -4.1% 38.5%
Asia Pacific 33.3% 17.0% 10.7% 2.7% 49.6%
Europe 21.4% 16.1% 9.1% 3.0% 50.7%
Latin America 2.8% 13.1% 15.5% -0.7% 33.6%
Middle East 13.5% 13.8% 6.9% 2.9% 47.3%
North America 26.9% 9.5% 6.0% 1.3% 39.8%
1% of industry CTKs in 2023
June Regional Performance
Asia-Pacific airlines saw 17.0% year-on-year demand growth for air cargo in June — the strongest among all regions. Demand on the Africa-Asia trade lane grew by 37.5% year-on-year, while the Europe-Asia, Within Asia and Middle East-Asia trade lanes rose by 20.3%, 21.0% and 15.1% respectively. Capacity increased by 10.7% year-on-year.
North American carriers saw 9.5% year-on-year demand growth for air cargo in June — the weakest among all regions. Demand on the North America-Europe route saw an increase of 6.7%, while the Asia-North America trade lane, the world’s largest, grew by 12.8% year-on-year, the largest annual increase in five months. June capacity increased by 6.0% year-on-year.
European carriers saw 16.1% year-on-year demand growth for air cargo in June. Intra-European air cargo rose by 16.7% compared to June 2023, the sixth month in a row of double-digit annual growth. Europe–Middle East and Europe–Asia routes saw demand increase by 30.2% and 20.3% respectively. June capacity increased 9.1% year-on-year.
Middle Eastern carriers saw 13.8% year-on-year demand growth for air cargo in June. As mentioned above, the Middle East–Europe market performed particularly well with 30.2% annual growth, ahead of Middle East–Asia which grew by 15.1% year-on-year. June capacity increased 6.9% year-on-year.
Latin American carriers saw 13.1% year-on-year demand growth for air cargo in June. Capacity increased 15.5% year-on-year. Notably, Latin America posted the second-highest increase in international demand growth at 17.2% in June, up 6.3 percentage points compared to the previous month.
African airlines saw 11.8% year-on-year demand growth for air cargo in June. Demand on the Africa–Asia market increased by 37.5% compared to June 2023, the strongest performance of all trade lanes. June capacity increased by 23.8% year-on-year.
>Read the latest Cargo Market Analysis
For more information, please contact:
Corporate Communications
Tel: +41 22 770 2967
Email: corpcomms@iata.org
Sea-air shift and diverse trade fuels August air cargo demand By Rebecca JeffreyRebecca Jeffrey30 September…
By Damian BrettDamian Brett24 September 2025 Save articlePlease Sign in to your account to use…
JD Airlines launches Shenzhen-Singapore cargo route By Rebecca JeffreyRebecca Jeffrey22 September 2025 The new route…
BBN Airlines Indonesia gains EASA TCO authorisation for EU operations By Mike Bryant 16…
Why CORSIA Matters 15 September 2025 Dear All, CORSIA—the Carbon Offsetting and Reduction Scheme…
August 21, 2025 by PLA Editor Hong kong international airport In July, Hong Kong International…