IATA reports 9.4% growth y-o-y increase in cargo

IATA released data showing a 9.4% year-over-year increase in global air cargo demand in September 2024, marking the 14th consecutive month of growth. International cargo operations grew by 10.5%, while capacity, measured in available cargo tonne-kilometers (ACTKs), rose 6.4% overall and 8.1% internationally. The rise in capacity is mainly attributed to international belly capacity, which expanded by 10.3%, continuing a 41-month trend of double-digit growth in this segment.