IATA: May Global Air Cargo Demand Up 2.2% Y-o-Y


   
Dawn Gallagher
DTN Energy Reporter

   OAKHURST, N.J. (DTN) --- The International Air Transport Association on 
Tuesday (7/1) released data for May global air cargo markets showing total 
demand, measured in cargo tonne-kilometers, rose by 2.2% compared to the same 
month of 2024.

   Capacity, measured in available cargo-tonne kilometers, increased by 2.0% 
compared to May 2024 with international operations up 2.6%.

   "Air cargo demand globally grew 2.2% in May. That is encouraging news as a 
10.7% drop in traffic on the Asia to North America trade lane illustrated the 
dampening effect of shifting US trade policies. Even as these policies evolve, 
already we can see the air cargo sector's well-tested resilience helping 
shippers to accommodate supply chain needs to flexibly hold back, re-route or 
accelerate deliveries," said Willie Walsh, IATA's director general.

   IATA reports several factors in the operating environment should be noted:

   --Year-on-year, world industrial production rose 2.6% in April. Air cargo 
volumes grew 6.8% over the same period, outpacing global goods trade growth of 
3.8%

   --Jet fuel prices in May were 18.8% lower than the previous year and 4.3% 
below the previous month

   --Global manufacturing contracted in May, with the PMI falling to 49.1, 
below the 50 mark that signals growth. New export orders also remained in 
negative territory at 48, reflecting pressure from recent U.S. trade policy 
changes.




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