Core Insights - The global air cargo market showed a year-on-year growth of 2.9% in September 2025, with international business growing by 3.2% [1] - Capacity increased by 3.0% year-on-year, with international capacity growing by 4.4% [1] - The air cargo demand has been growing for seven consecutive months, indicating a significant adjustment in global trade patterns influenced by U.S. tariff policies [1] Air Cargo Market Performance - Global cargo trade increased by 3.7% year-on-year in August [1] - Despite a decline in oil prices, aviation fuel prices rose by 5.4% in September due to tightening in the diesel market [1] Regional Performance - Asia-Pacific airlines experienced a 6.8% increase in air cargo demand, with capacity up by 4.8% [4] - European airlines saw a 2.5% increase in demand and a 4.4% increase in capacity [4] - North American airlines faced a 1.2% decline in demand and a 1.5% decline in capacity [4] - African airlines led with a 14.7% increase in demand and a 7.4% increase in capacity [4] Trade Route Analysis - The Asia-North America route declined by 3.5%, marking five consecutive months of decrease [5] - The Europe-Asia route grew by 12.4%, continuing a 31-month growth trend [5] - The Middle East-Asia route increased by 4.6%, marking seven months of growth [5] - The intra-Asia route grew by 10.0%, continuing a 23-month growth trend [5]