Global Air Cargo Volumes Rebound as Airlines Restore Capacity and Fuel Prices Ease
Global air cargo volumes have shown a significant rebound in the first half of 2024, marking a strong recovery for the sector. This growth is primarily driven by airlines increasing flight capacity, particularly belly-hold space on passenger aircraft, as international travel returns. Additionally, a notable easing in jet fuel prices has lowered operational costs, further stimulating the market. The resurgence is also supported by strong demand from the e-commerce sector and a partial shift from ocean to air freight due to maritime shipping disruptions. Key growth has been observed in routes originating from the Asia Pacific and the Middle East.
Official Source: https://aircargoweek.com/global-air-cargo-volumes-rebound-as-airlines-restore-capacity-and-fuel-prices-ease/
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