📈 Global Air Cargo Momentum Surges in Nov 2025

Global air cargo demand grew by 5.5% YoY in November 2025, maintaining strong year-end momentum driven by holiday season logistics and strategic trade re-routing. • Global Performance Indicators • Total Demand (CTK): +5.5% (+6.9% for international operations). • Total Capacity (ACTK): +4.7% (+6.5% for international operations). • Load Factor: Remained stable at 49.1%. • Regional Breakdown (YoY Demand) • Asia-Pacific: +10.3% (Capacity: +8.4%) – Driven by robust intra-Asia and Asia-Europe trade lanes. • Middle East: +7.4% (Capacity: +11.0%) – Key hub for transshipment and rerouted trade. • Africa: +15.6% – The world's fastest-growing region in November. • Europe: +5.8% (Capacity: +4.1%). • Americas: Weakest performance, with North America down -1.6% and Latin America down -4.8%, influenced by new US tariff adjustments. • Key Economic Drivers • Operating Costs: Jet fuel prices rose 5.9% in Nov despite lower crude prices. • Manufacturing: Global PMI rose to 51.17, but export orders (49.87) remain cautious due to tariff uncertainty. • Strategic Impact: Air cargo continues to be the preferred mode for high-value goods like ICT/BPM hardware and apparel samples needing to bypass sea-freight delays and tariff deadlines. Based on provisional IATA data for Nov 2025.