Air Cargo Set for a Positive 2024
International Air Transport Association (IATA)
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Welcome back! Happy 2024! There's only 51 weeks left until 2025 so let's get to it.
Air Cargo Set for a Positive 2024
All regions are expected to experience air cargo growth in 2024, according to IATA. The Middle East is set for the biggest rise at 12.3% while Africa will see a more modest 1.5% growth. On average, air cargo is forecast to grow 4.5%.
“Yields will likely decline in 2024 but they will still be above their 2019 levels,” says Rachel Yuting Fan, IATA Sustainability and Economics. “Cargo revenue will also be about 11% above 2019 and comprise 12% of total industry revenue. In other words, 2024 will see sustained revenue growth and the sector outperform pre-pandemic levels.”
The relevant economic markers are also positive with 3.5% growth in global trade projected for 2024.
Read the full article in Airlines.
News in Brief
✈ oneworld Joins IATA CO2 Connect
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Welcome to IATA's Latest Member!
Congratulations to Hi Fly on becoming IATA's latest airline member!
Hi Fly, registered in Malta, is the sister company to Springjet S.A which is registered in Portugal. Both affiliated airlines operate under the Hi Fly brand offering aircraft, crew, maintenance, and insurance (ACMI) and charter services worldwide, with an all Airbus fleet.
Its wet lease and charter services are available for both passengers and air cargo.
Video of the Week: IATA Training | Aviation Management Certificate
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Comandante B737 / Airbus A-320 family.
3moIn my opinion not everything that shines is gold. Then why DHL Deutsche Post has a couple of planes sleeping in the hangar, and why FedEx crews are worried???
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3moI'm curious
Office Manager at Artisan Dental Lab
3moHow can someone get in the course?
🔋🔥Batteryfire solutions for aviation, mobility & infrastructure / CEO @LIONLABS®
3moGreat read! It's full of useful insights and highlights the exciting future of the industry. I particularly liked the focus on digital and sustainable advances. Definitely a recommendation for anyone who wants to know where air freight is heading!
Great news to receive at the beginning of the year!