News
Air Cargo Demand Rose By 11.9% In February – Airlines From Africa, Middle East Recorded Highest Annual Growth
Air cargo demand rose by 11.9 percent in February 2024, thanks to the 19.7 billion Cargo Tonne Kilometres (CTK) registered for the month.
Only two regions, Africa and Latin America, experienced Month on month (or MoM) expansions in February.
Airlines registered in Africa and the Middle East recorded the highest annual growth rates, with 21.9 percent and 20.9 percent respectively.
They were followed by carriers from Europe (15.0% YoY), Latin America (13.4%), and Asia Pacific (11.2%).
The lowest annual growth was seen by North American airlines with 3.2 percent YoY, down from 14.1 percent in January.
The air cargo industry registered a total of 19.7 billion Cargo Tonne Kilometres (CTK) in February 2024, which represents an increase of 11.9% YoY, according to the data released by International Air Transport Association (IATA).
The solid 11.9% YoY growth in the cargo industry CTKs is attributed to the demand on international routes, which expanded by 12.4 percent YoY in February 2024.
-
See Also : From Davido’s Maybach And Pagani To $40m Ferrari, Here Are Cars ‘Emirates SkyCargo’ Has Transported
Only two regions, Africa and Latin America, experienced Month on month (or MoM) expansions in February, with 2.9% and 1.6% respectively, while North America recorded the lowest.
“In particular, airlines registered in Africa and the Middle East recorded the highest annual growth rates, with 21.9% and 20.9%, in that order. They were followed by carriers from Europe (15.0% YoY), Latin America (13.4%), and Asia Pacific (11.2%).
The lowest annual growth in February was seen by North American airlines with 3.2 percent YoY, down from 14.1 percent in January.
Also in February, the Africa–Asia and Middle East–Europe trade lanes experienced 42.3% and 39.3% YoY growth respectively, while growth rates on the Middle East–Asia and Europe–Asia routes dropped considerably to 21.0% and 14.3%, respectively.
In comparison, the North America–Europe trade lane grew by 5.2% YoY in February, up registered an outstanding 29.5% annual increase in February.
-
News1 week agoFerrari Is “Very Happy” With The Luce’s Reactions
-
News5 days agoFor The First Time, Mercedes Is Using A Chinese Engine In A Vehicle Intended For The European Market
-
News5 days agoNissan Finally Discontinuing The Altima Sedan And Says Why
-
Car Facts1 week agoWhat Are The Most Reliable Electric Vehicles?
-
News6 days agoVolvo Cars Has Abandoned Its 2026 Growth Objective Because Of Declining Sales In The Chinese Market
-
News4 days agoThe New Lexus LFA To Be Fitted With Toyota’s Solid-State Batteries
-
News1 week agoIn America, Toyota’s EV Sales Have Surged By 136%
-
News1 week agoIn The First Half Of 2026, Stellantis Saw A 3.8% Rise In EU Car Sales