Cargo Breaking News
The strong demand growth levels recorded over the first two months of the year are evidence of an improvement in air cargo demand after a weak 2023. Data analyst WorldACD said that it is hard to gain a true understanding of demand trends by looking at January and February individually due to the changing timing of the Lunar New Year – this year the two-week holiday was in February and in 2023 it took place in January. However, statistics for the first two months combined show a 13% year-on-year increase in cargo demand (or 11% if the extra leap year day is stripped out of the figures).
WorldACD said that demand in January was up 17% year on year and February was ahead by 8% (4% with the extra day removed).
“Worldwide air cargo demand was up by 13% in the first two months of this year, compared with the equivalent period last year, with demand continuing to surge from Middle East & South Asia (MESA) origins, and tonnages recovering from the normal Lunar New Year (LNY) seasonal dip,” WorldACD said in its latest market summary.
