Air Cargo Resilience: Strong September Growth and Improved Yields Amid Global Variations

Air cargo demand saw robust growth in September, increasing by 9.4% year-on-year, according to IATA. Capacity rose by 6.4%, fueled by a notable 10.3% expansion in international belly capacity, extending double-digit growth trends for 41 months. Although demand growth has slowed compared to the previous nine months, yields improved by 11.7% from 2023 and are 50% higher than 2019 levels. Regional highlights include 11.7% demand growth in both Asia Pacific and Europe, while Latin America led with an impressive 20.9% increase. In contrast, African airlines recorded the lowest growth at 1.7%, yet capacity increased significantly. The air cargo sector remains strong.