Search Site

Trends banner

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Air cargo demand up 8.3 percent in November 2023, says IATA

Compared to November 2019 (pre-COVID-19), air cargo demand is down 2.5 percent while the capacity is up 4.1 percent. (Creative Commons)
  • This reflects a fourth consecutive month of strengthening demand for air cargo.
  • Most of the capacity growth continues to be attributable to the rise in belly capacity.

GENEVA, SWITZERLAND – The International Air Transport Association (IATA) released data for November 2023 global air cargo markets indicating the strongest year-on-year growth in roughly two years.

This is partly due to weakness in November 2022, but also reflects a fourth consecutive month of strengthening demand for air cargo.

Global demand for air cargo, measured in cargo tonne-kilometers (CTKs), increased by 8.3 percent compared to November 2022.

For international operations, demand growth was 8.1 percent.

Capacity, measured in available cargo tonne-kilometers (ACTKs), was up 13.7 percent compared to November 2022 (+11.6 percent for international operations).

Most of the capacity growth continues to be attributable to the increase in belly capacity as international passenger markets continue their post-COVID-19 recovery.

Compared to November 2019 (pre-COVID-19), demand is down 2.5 percent while the capacity is up 4.1 percent.

“November air cargo demand was up 8.3 percent —the strongest year-on-year growth in almost two years. That is a doubling of October’s 3.8 percent increase and a fourth month of positive market development,” said Willie Walsh, IATA’s Director-General.

“It is shaping up to be an encouraging year-end for air cargo despite the significant economic concerns that were present throughout 2023 and continue on the horizon,” he said.