Middle Eastern carriers show 2.5% YOY surge in air cargo
Middle Eastern carriers had the strongest performance in September 2023, with a 2.5 per cent year-on-year increase in cargo volumes, states IATA. This was an improvement on the previous month’s performance (+1.3%). Carriers in the region benefited from growth in the Middle East–Asia (+7.0%) and Middle East–Europe markets (+3.3%). Capacity increased 16.1 per cent as compared to September 2022. “With the key export order and manufacturing Purchasing Managers’ Index (PMI) hovering near positive territory, we can be optimistic for a strong year-end peak season,” said Willie Walsh, Director General, IATA. African airlines saw their air cargo volumes decline by 0.1 per cent in September 2023, despite the strong growth of demand on the Africa-Asia trade lane (+12.8%). This was an improvement in performance compared to August (-3.5%). Capacity was 2.7 per cent above September 2022 levels.