This is the seventh consecutive month of double-digit YoY growth, IATA said in a release.

Air cargo capacity, measured in available cargo tonne-kilometers (ACTKs), increased by 8.8 per cent YoY in the month; the rise was 10.8 per cent YoY for international operations.

Total half-year (H1) demand increased by 13.4 per cent YoY, by 4.3 per cent compared to H1 2022, and by 0.02 per cent compared to H1 2021.

Asia-Pacific airlines saw 17 per cent YoY demand growth for air cargo in June—the strongest among all regions. Demand on the Africa-Asia trade lane grew by 37.5 per cent YoY, while the Europe-Asia, within Asia and Middle East-Asia trade lanes rose by 20.3 per cent, 21 per cent and 15.1 per cent YoY respectively. Capacity increased by 10.7 per cent YoY.

North American carriers saw 9.5 per cent YoY demand growth for air cargo in June—the weakest among all regions. Demand on the North America-Europe route saw an increase of 6.7 per cent YoY, while the Asia-North America trade lane, the world’s largest, grew by 12.8 per cent YoY—the largest annual increase in five months. June capacity increased by 6 per cent YoY.

European carriers saw 16.1 per cent YoY demand growth in June. Intra-European air cargo rose by 16.7 per cent YoY—the sixth month in a row of double-digit annual growth. Europe-Middle East and Europe-Asia routes saw demand increase by 30.2 per cent and 20.3 per cent YoY respectively. June capacity increased by 9.1 per cent YoY.

Middle Eastern carriers saw a 13.8-per cent YoY demand growth for air cargo in June. June capacity increased by 6.9 per cent YoY.

Latin American carriers saw a 13.1-per cent YoY demand growth for air cargo in the month. Capacity increased 15.5 per cent YoY. Latin America posted the second-highest increase in international demand growth at 17.2 per cent in June—up by 6.3 percentage points compared to the previous month.

African airlines saw a 11.8-per cent YoY demand growth for air cargo in June. Demand on the Africa-Asia market increased by 37.5 per cent YoY, the strongest performance of all trade lanes. June capacity increased by 23.8 per cent YoY.

Fibre2Fashion News Desk (DS)