国际航协：8月全球航空客运需求增长4.6% ，货运需求增长4.1%

Core Insights - The International Air Transport Association (IATA) reported a 4.6% year-on-year increase in global air passenger demand for August 2025, with capacity growing by 4.5% [1] - The global passenger load factor reached a record high of 86.0%, up 0.1 percentage points year-on-year [1] - International passenger demand rose by 6.6% year-on-year, while domestic demand increased by 1.5% [1] Passenger Demand - In August, Asia-Pacific airlines saw a 9.8% increase in demand, driven by strong demand from China and Japan, which grew by 11.8% and 12% respectively [1] - European airlines experienced a 5.3% increase in demand, while North American airlines saw a 1.8% rise [1] - North America's international load factor declined for four consecutive months, reaching 87.5%, down 0.6 percentage points year-on-year [1] Cargo Demand - Global air cargo demand increased by 4.1% year-on-year in August, with international demand growing by 5.1% [2] - Asia-Pacific airlines reported a 9.8% increase in cargo demand, while North American airlines experienced a 2.1% decline [2] - The growth in air cargo is attributed to a shift from sea to air transport for high-value goods, as shippers seek to minimize tariff risks [2]