IATA: Global air cargo demand up 8.3% in November last year

Global air cargo demand increased by 8.3% in November last year compared to the same month in 2022, while demand growth for international operations stood at 8.1%, according to the IATA. The association said Tuesday capacity, measured in available cargo tonne-kilometres, was up 13.7% compared to November 2022 (+11.6% for international operations). "Most of the capacity growth continues to be attributable to the increase in belly capacity as international passenger markets continue their post-Covid recovery. "Compared to November 2019 (pre-Covid), demand is down 2.5%, while capacity is up 4.1%," IATA said. It said that the November 2023 global air cargo markets indicated the strongest year-on-year growth in about two years, partly due to weakness in November 2022, but also reflects a fourth consecutive month of strengthening demand for air cargo. IATA DG Willie Walsh said November air cargo demand, measured in cargo tonne-kilometres, was a doubling of October's 3.8% increase and a fourth month of positive market development.<br/>