IATA：2025年11月全球航空货运总需求同比增长5.5%

Core Insights - The global air cargo demand increased by 5.5% year-on-year in November 2025, driven by the upcoming holiday season and shippers' focus on timely transportation [1] - The overall air cargo capacity grew by 4.7% year-on-year, with international capacity increasing by 6.5% [1] - Emerging markets showed strong demand, particularly in the Middle East, which offset a temporary decline in the Americas due to adjustments to new U.S. tariff regulations [1] Air Cargo Market Performance - Global air cargo trade grew by 3.2% year-on-year in October [1] - November saw a 5.9% increase in aviation fuel prices, influenced by refinery disruptions and EU restrictions on Russian oil products [1] - The overall market's load factor improved by 0.4% to 49.1% in November [3] Regional Performance - Asia-Pacific airlines experienced a 10.3% increase in air cargo demand and an 8.4% increase in capacity [4] - European airlines reported a 5.8% increase in demand and a 4.1% increase in capacity [4] - Middle Eastern airlines saw a 7.4% increase in demand and an 11.0% increase in capacity [4] - North American airlines faced a 1.6% decline in demand and a 2.3% decline in capacity [4] - Latin American airlines had the weakest performance with a 4.8% decline in demand and a 3.0% decline in capacity [4] - African airlines led the growth with a 15.6% increase in demand and an 18.1% increase in capacity [4] Trade Lane Growth - All major trade lanes experienced growth in air cargo volume in November 2025 [5] - The Asia-North America trade lane grew by 1.8%, while Europe-Asia saw an 11.7% increase, marking 33 consecutive months of growth [5] - The Middle East-Asia trade lane increased by 11.1%, continuing a 9-month growth trend [5] - Intra-Asia trade grew by 15.8%, maintaining a 25-month growth streak [5] - The North America-Europe trade lane increased by 5.0%, marking 22 months of growth [5]