IATA has raised its outlook for airlines’ cargo revenues and volumes for 2024 after demand and rates have performed better than expected.
The airline association said it now expected cargo revenues for the year to be $120bn compared with its previous December forecast of $111bn.
Cargo volumes in cargo tonne km terms are now expected to grow by 5% compared with its previous forecast of 4.5%. The improved outlook comes as volumes have been growing faster than expected; year-to-date figures to the end of April show an actual increase in CTKs of 12.7%.
