Translations: Demanda por carga aérea cresce 3,2% em janeiro (pdf)
La demanda de carga aérea crece 3,2% en enero (pdf)
Le fret aérien en hausse de 3,2 % en janvier (pdf)
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Geneva – The International Air Transport Association (IATA) released data for January 2025 global air cargo markets showing:
“January marked 18 consecutive months of growth for air cargo, but the month’s 3.2% year-on-year growth is a moderation from double-digit peaks in 2024. Similarly, yields, while still above January 2024 levels, saw a 9.9% decline from December as cargo load factors also declined by an average of 1.5 percentage points. While external factors such as trade growth, declining fuel costs and expanding e-commerce remain positive for air cargo, it is important to closely watch the evolution of market conditions at this time. In particular, the wild card is the potential for tariff-driven trade policies from the US Trump Administration. Fortunately, the air cargo industry is well practiced at dealing with shifts in the operating environment,” said Willie Walsh, IATA’s Director General.
Several factors in the operating environment should be noted:
| January 2025 (%year-on-year) | World Share *1 | CTK | ACTK | CLF (%-pt) *2 | CLF (level) *3 |
|---|---|---|---|---|---|
| Total Market | 100% | 3.2% | 6.8% | -1.5% | 43.9% |
| Africa | 2.0% | -3.4% | 5.4% | -3.6% | 39.5% |
| Asia Pacific | 34.2% | 7.5% | 10.9% | -1.4% | 43.3% |
| Europe | 21.5% | 1.3% | 3.5% | -1.2% | 53.8% |
| Latin America | 2.9% | 11.2% | 10.6% | 0.2% | 33.5% |
| Middle East | 13.6% | -8.4% | -1.2% | -3.2% | 40.8% |
| North America | 25.8% | 5.3% | 7.5% | -0.9% | 41.9% |
(*1) % of industry CTKs in 2024 (*2) Year-on-year change in load factor (*3) Load factor level
Asia-Pacific airlines saw 7.5% year-on-year demand growth for air cargo in January. Capacity increased by 10.9% year-on-year.
North American carriers saw 5.3% year-on-year demand growth for air cargo in January. Capacity increased by 7.5% year-on-year.
European carriers saw 1.3% year-on-year demand growth for air cargo in January. Capacity increased 3.5% year-on-year.
Middle Eastern carriers saw 8.4% year-on-year demand decrease for air cargo in January, the slowest among the regions. Capacity decreased by 1.2% year-on-year.
Latin American carriers saw an 11.2% year-on-year increase in demand growth for air cargo in January, the strongest growth among the regions. Capacity increased 10.6% year-on-year.
African airlines saw a 3.4% year-on-year decrease in demand for air cargo in January. Capacity increased by 5.4% year-on-year.
Trade Lane Growth: Most international routes experienced growth in January. Airlines are benefiting from rising e-commerce demand in the US and Europe amid ongoing capacity limits in ocean shipping.
| Trade Lane | YoY growth | Notes | Market share of industry* |
|---|---|---|---|
| Asia-North America | +6.1% | 15 consecutive months of growth | 24.4% |
| Europe-Asia | +3.2% | 23 consecutive months of growth | 20.5% |
| Middle East-Europe | -7.3% | 5.7% | |
| Middle East-Asia | -3.0% | 7.3% | |
| Within Asia | +7.6% | 15 consecutive months of growth | 7.0% |
| North America-Europe | +9.7% | 12 consecutive months of growth | 13.3% |
| Africa-Asia | -26.1% | 1.4% |
*Share is based on full-year 2024 CTKs.
> View January 2025 Air Cargo Market Analysis (pdf)
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