Global air cargo demand increased by 11% year on year in March for the third consecutive month, driven by factors like e-commerce and disruptions in Red Sea shipping. Xeneta's latest analysis revealed that the higher volumes in the first quarter outpaced capacity growth, which grew by 8% year on year. This led to a rise in the global dynamic load factor, Xeneta's measure of cargo capacity utilization based on volume and weight flown alongside available capacity. The load factor for the first quarter of 2024 increased by two percentage points year on year to 59%, with March showing similar growth at 61%.
top of page
Search
Recent Posts
See AllThe air cargo sector, initially bracing for a busy peak season out of Asia, has seen a surprising dip in airfreight rates in recent...
The 2023 air cargo airport rankings have been released by ACI World, showing that Hong Kong (HKG) retained the top position with 4.33...
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...
bottom of page
Comments