Core Insights - The International Air Transport Association (IATA) reported a 5.5% year-on-year increase in global air freight demand for July 2025, with international demand growing by 6.0% [1] - Air freight capacity also saw a year-on-year increase of 3.9%, with international capacity rising by 4.5% [1] - The demand for air freight in the Asia-North America route decreased by 1.0%, while most major trade routes experienced growth [1] Air Freight Demand and Capacity - Global air freight demand increased by 5.5% year-on-year, while capacity grew by 3.9% [1][3] - The load factor for the overall market improved by 0.7%, reaching 45.1% [3] Regional Performance - Asia-Pacific airlines experienced the highest growth in air freight demand at 11.1%, with capacity increasing by 7.3% [4] - European airlines saw a 4.1% increase in demand and a 4.0% rise in capacity [4] - North American airlines had the slowest growth at 0.7%, with a capacity decline of 0.6% [4] - Latin American airlines reported a 2.4% increase in demand and a 3.8% increase in capacity [4] - Middle Eastern airlines had a 2.6% increase in demand and a 5.9% rise in capacity [4] - African airlines saw a 9.4% increase in demand, but capacity slightly decreased by 0.1% [4] Trade Route Insights - The Europe-Asia trade route experienced a significant growth of 13.5%, marking 29 consecutive months of growth [5] - The Asia-North America route has seen a decline for three consecutive months, with a decrease of 1.0% [5] - The Middle East-Asia route grew by 8.5%, continuing a five-month growth trend [5] - The intra-Asia route also showed strong performance with a 10.3% increase, maintaining 21 months of growth [5]

Core Insights - Global air freight demand increased by 2.2% year-on-year in May 2024, with international demand growing by 3.0% [1] - Air freight capacity also saw a year-on-year increase of 2.0% in May 2024, with international capacity rising by 2.6% [1] Industry Performance - The resilience of the air freight industry is highlighted despite a 10.7% decline in cargo volume from Asia to North America due to changes in U.S. tariff policies [1] - Global industrial production grew by 2.6% year-on-year in April 2025, while air freight volume surged by 6.8%, outpacing global trade growth of 3.8% [1] - In May 2025, jet fuel prices decreased by 18.8% year-on-year and 4.3% month-on-month [1] Regional Analysis - Asia-Pacific airlines experienced the highest growth in air freight demand at 8.3% year-on-year in May 2024, with capacity increasing by 5.7% [1] - North American airlines saw a decline in air freight demand by 5.8% year-on-year, marking the slowest growth among all regions, with capacity down by 3.2% [2] - European airlines reported a 1.6% increase in air freight demand and a 1.5% rise in capacity [2] - Middle Eastern airlines experienced a 3.6% growth in demand and a 4.2% increase in capacity [2] - Latin American airlines had a 3.1% increase in demand and a 3.5% rise in capacity [2] - African airlines faced a 2.1% decline in demand, while capacity grew by 2.7% [2]