Air cargo capacity grew by double-digit percentage levels last year, with bellyhold capacity continuing to recover and freighter space remaining above pre-Covid levels.
Figures from data provider and consultant Rotate show that in 2024 total air cargo capacity in airfreight tonne km terms (ATK) was up 10% year on year to 442bn ATK.
bongdaso dữ liệu increase was led by bongdaso dữ liệu return of passenger services as bellyhold capacity increased 13% year on year and is now just 1% behind pre-Covid 2019 levels.
Meanwhile, freighter capacity was up 8% year on year in 2024 as bongdaso dữ liệu industry continues to rely on all-cargo aircraft more than it did in bongdaso dữ liệu past.
Compared with pre-Covid 2019 levels, freighter capacity is up 43%.
Rotate pointed out that while capacity is up 10% year on year in ATK terms, it has increased by bongdaso dữ liệu lower amount of 8% in tonnage terms – indicating that part of bongdaso dữ liệu reason for bongdaso dữ liệu larger increase in ATK terms is that aircraft are flying longer distances as well as carrying more cargo.
bongdaso dữ liệu largest increases in capacity are rather unsurprisingly on bongdaso dữ liệu main east-west trades out of Asia, where e-commerce demand fuelled rapid demand growth in 2024.
Rotate figures show that headhaul ATK capacity from Asia Pacific to North America increased by 15% last year.
Meanwhile, from Asia to Europe there was a 16% increase in ATKs.
From Asia to bongdaso dữ liệu Middle East there was a 17% increase and from bongdaso dữ liệu Middle East to Europe space was up 15%, reflecting modal shift from sea to air due to bongdaso dữ liệu Red Sea missile crisis as well as general e-commerce fuelled market growth.
Looking ahead, it is expected that it will be hard for bongdaso dữ liệu air cargo market to continue growing at bongdaso dữ liệu same pace.
Speaking at bongdaso dữ liệu Tiaca Air Cargo Forum last year, Rotate chief executive Ryan Keyrouse highlighted some of bongdaso dữ liệu issues bongdaso dữ liệu industry could face on bongdaso dữ liệu supply side.
He pointed out that belly capacity growth is slowing down, there are delays to aircraft production and bongdaso dữ liệu high demand being experienced on bongdaso dữ liệu passenger side of bongdaso dữ liệu market was affecting bongdaso dữ liệu amount of feedstock that is available to be converted into cargo aircraft.
Keyrouse said that aircraft utilisation was at its highest level in bongdaso dữ liệu past five years meaning it was unlikely that more capacity could be squeezed out of bongdaso dữ liệu current global fleet.
“We are almost at maximum utilisation so bongdaso dữ liệu aircraft can’t fly more and [in 2025] we see a maximum of 4.4% capacity growth, if you look at deliveries and conversions,” Keyrouse said.
“We haven’t factored in retirements so it will only be lower if we retire a few aircraft.
“If you have a 4.4% capacity growth and a 20% demand growth [from China], it can only come from one place - moving capacity from Africa and Latin America into these markets.
“You have to wonder how far can that go, but that is really only bongdaso dữ liệu lever that you have for increasing capacity for this demand.”
Source: https://www.aircargonews.net/data-news/cargo-capacity-on-bongdaso dữ liệu-up-in-2024/1079538.article
At bongdaso dữ liệu inaugural Global Air Cargo Summit, held in Antalya, Türkiye, bongdaso dữ liệu International Civil Aviation Organization (ICAO) forecasted that air freight volumes will grow by an...
bongdaso dữ liệu imposition of new U.S. tariffs on foreign-made vehicles and components is causing significant disruptions in bongdaso dữ liệu global automotive supply chain. Airfreight, often a linchpin...
Global trade uncertainty is prompting air cargo shippers and freight forwarders to favor short-term contracts over longer-term agreements, as highlighted in a recent Xeneta...
U.S. plans to end tariff-free access for low-value shipments from China and Hong Kong, coupled with a new 145% tariff rate on Chinese imports, are projected to slash over...
Trade groups warn of higher ocean shipping costs and disrupted supply chains, while U.S. officials argue bongdaso dữ liệu policy aims to strengthen domestic shipbuilding and enhance economic...
Since January, bongdaso dữ liệu Trump Administration has announced and delayed multiple tariffs on imports from Canada and Mexico, further destabilizing bongdaso dữ liệu cross-border freight market....
As global supply chains adjust to post-pandemic realities and shifting trade dynamics, bongdaso dữ liệu air cargo industry in bongdaso dữ liệu Asia-Pacific (APAC) region finds itself at a pivotal crossroads.
Global tonnage improved +3% in week 15 (April 7-13) after bongdaso dữ liệu previous week’s drop of -7% as markets that had closed for bongdaso dữ liệu Eid-al-Fitr holiday came back on stream, but comparison...
E-commerce continues to be a key growth driver for air cargo, fueled by rising consumer demand and bongdaso dữ liệu rapid expansion of emerging markets, even as regulatory barriers increase.
bongdaso dữ liệu International Air Transport Association (IATA) has maintained a positive outlook for air cargo, emphasizing that bongdaso dữ liệu majority of global trade remains unaffected by bongdaso dữ liệu...
en