Air cargo turnover and capacity supply continues to increase

According to the International Air Transport Association (IATA), the global civil aviation cargo traffic increased by 8.3% compared to the same period in 2022, reaching 22.4 billion tonne-kilometers in November 2023. The increase in demand for freight transportation in comparison with the previous year has been observed for the fourth month in a row and the dynamics of growth is constantly increasing: in August 2023, the increase amounted to 1.5%, in September – 1.9%, and in October – 3.8%.

The capacity supply for air cargo transportation continues to increase. In November, the increase reached 13.7% compared to the previous year (up 4.1% compared to August 2019), which continues to be driven by an increase in the supply of cargo compartments on passenger aircraft.

The air cargo traffic through the end of November 2023 increased in all major regions of the world. The highest growth rates of cargo turnover in November were demonstrated by airlines of the Asia-Pacific region with an increase of 13.8%, and by carriers of the Middle East with 13.5%. The European companies improved the turnover performance by 6.7% year-on-year, Latin American carriers – by 4.2%, African carriers – by 3.9%, and North American carriers – by 1.8%.