Global Air Cargo Demand Rises 4.4% in August as Yields Rebound
Global air cargo demand rose 4.4% year-on-year in August, with North American carriers leading at 6.6% growth and capacity falling 0.1% globally. The cargo load factor climbed 2.0 percentage points to 46.0%. Yields rose month-on-month for the first time since April, aided by strong demand and tighter capacity. Global trade expanded 6.0% year-on-year in July — marking 33 consecutive months of growth — while manufacturing PMI reached 53.0. Jet fuel prices jumped 8.3% month-on-month and were 79.2% higher year-on-year.