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The International Air Transport Association (IATA) informs that global civil aviation cargo traffic in February 2025 was down 0.1% compared to February last year. This is the first decline in 19 months, although the market has been trending downwards since July last year.
IATA experts note that while overall global cargo capacity supply declined by 0.4% in February, available capacity on international flights grew by 1.1% compared to February last year.
The Asia-Pacific region accounted for more than a third (34.2%) of total global civil aviation cargo turnover in February. Air freight traffic in the region was up 5.1% compared to February last year, with airliner cargo capacity up 2.7% year-on-year.
North America ranks second in terms of air cargo turnover with a market share of just over a quarter (25.8%). Here, air cargo traffic and available aircraft capacity for cargo delivery at the end of February 2025 decreased by 0.4% and 3.5%, respectively, compared to the level of February last year.
Europe is the third largest market by air cargo volumes with a 21.5% share of total cargo traffic. It also demonstrated a 0.1% decrease in traffic and 0.2% year-on-year decline in air fleet capacity.
Latin America showed the highest growth in air cargo traffic (6% year-on-year) (market share of 2.9% of global air cargo traffic), with fleet cargo capacity in the region also increasing by 7.6% year-on-year.