Global air cargo demand rose 11.2% year-on-year in February 2026, marking a sharp acceleration in freight market growth as global trade activity and manufacturing output strengthened, according to the latest data from the International Air Transport Association (IATA). Capacity expanded 8.5% during the month, remaining below demand growth and indicating continued pressure on cargo supply.
IATA said the surge was driven by improving industrial activity, stronger international goods trade, and sustained demand for e-commerce and time-sensitive shipments. Asia-Pacific remained the key growth engine, while Africa posted the strongest regional increase at 21%.
However, IATA cautioned that geopolitical tensions, rising fuel costs and supply chain disruptions could impact the cargo outlook in the coming months, particularly amid instability in the Middle East.
The February performance reinforces expectations for another strong year for global air freight after record cargo volumes in 2025.
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