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

• Total demand, measured in cargo tonne-kilometers (CTK), rose by 0.8% compared to June 2024 levels (1.6% for international operations). 

• Capacity, measured in available cargo tonne-kilometers (ACTK), increased by 1.7% compared to June 2024 (2.8% for international operations). 

Several factors in the operating environment should be noted:

• Year-on-year, world industrial production rose 3.2% in May and global goods trade grew by 3.5%.

• The June jet fuel price was 12% lower year-on-year, a fourth consecutive year-on-year monthly decline. It was, however, 8.6% up on May prices. 

• Global manufacturing rebounded in June, with the PMI rising above the 50 mark to 51.2. The PMI for new export orders improved by 1.2 index points but remained in negative territory (49.3), under pressure from recent US trade policy shifts.

Trade Lane Growth: Air freight volumes in June 2025 increased for major trade corridors from/within Europe and Middle East-Asia. However, other relevant trade routes from/within Asia and from North America have decreased significantly in the most recent month.