Global air cargo demand recorded strong growth in November

Global total air cargo demand grew strongly in November, year-on-year, the International Air Transport Association (IATA – the global representative body for the airline industry) has reported. While this was partly a result of air cargo’s weak performance in November 2022, it was also part of the late 2023 trend of increasing air cargo demand.

“November [total] air cargo demand was up 8.3% on 2022 – the strongest year-on-year growth in almost two years,” highlighted IATA director-general Willie Walsh. “That is a doubling of October’s 3.8% increase and a fourth month of positive market development. It is shaping up to be an encouraging year-end for air cargo despite the significant economic concerns that were present throughout 2023 and continue on the horizon.”