Demand on the Africa–Asia market increased by 25.8% compared to April 2023. The April capacity increased by 18.7% year-on-year, according to figures released by the International Air Transport Association (IATA).
The analysis of the air cargo market is a very useful barometer of trade based on capacity supply and traffic demand.
IATA however, noted that the average cargo load factor was just 42.9%, which is less than half of the available cargo space was taken up by the market.
By comparison, the global airline industry reported 11.1% y-o-y growth in demand for air cargo transport against a 7.1% increase in capacity.
