The International Air Transport Association (IATA) released data for July 2025 global air cargo markets showing:

•    Total demand, measured in cargo tonne-kilometers (CTK), rose by 5.5% compared to July 2024 levels (+6.0% for international operations). 

•    Capacity, measured in available cargo tonne-kilometers (ACTK), increased by 3.9% compared to July 2024 (+4.5% for international operations).

 Several factors in the operating environment should be noted:

•    The global goods trade grew by 3.1% year-on-year in June.

•    The July jet fuel price was 9.1% lower year-on-year and has remained below 2024 levels so far this year, easing airlines’ operating costs. However, it was 4.3% higher than in June.

•    Global manufacturing contracted in July with the PMI falling to 49.66, the second dip below the 50-mark growth threshold since January. New export orders also remained negative at 48.2 for the fourth month, reflecting waning confidence amid US trade policy uncertainty.

Trade Lane Growth

 Air freight volumes in July 2025 increased significantly across all major trade corridors, with the exception of Middle East–Europe, which recorded only a marginal rise, and Asia–North America, which has seen three consecutive months of decline.