IATA reports continued strong air cargo growth in March

The International Air Transport Association (IATA) has reported that March was the fourth month in a row in which global air cargo demand grew by double digits, in year-on-year (y-o-y) terms. IATA was the global representative body for the airline (including air cargo) industry. “Air cargo demand grew by 10.3% over the previous March,” highlighted IATA director-general Willie Walsh. “This contributed to a strong first quarter performance which slightly exceeded even the exceptionally strong 2021 first quarter performance during the Covid crisis. With global cross-border trade and industrial production continuing to show a moderate upward trend, 2024 is shaping up to be a solid year for air cargo.”