Geneva – The International Air Transport Association (IATA) released data for August 2026 global air cargo markets showing:
- Total demand, measured in cargo tonne-kilometers (CTK), increased by 4.4% compared to August 2025 (+5.3% for international operations).
- Capacity, measured in available cargo tonne-kilometers (ACTK), decreased by 0.1% compared to August 2025 (+0.1% for international operations).
“Air cargo demand rose 4.4% year-on-year in August with all regions reporting growth even as capacity was trimmed by 0.1%. Strong demand and higher load factors helped airlines to recoup some of the exceptionally high fuel costs. Yields rose month-on-month for the first time since April, while global goods trade growth continues. Both are positive signs as the year-end peak season comes into view,” said Marie Owens Thomsen, IATA’s Senior Vice President Sustainability and Chief Economist.
Several factors in the operating environment should be noted:
- Global trade increased by 6.0% year-on-year in July, extending the run of consecutive monthly expansions to 33 months, on a year-on-year basis.
- Jet fuel prices rose by 8.3% month-on-month in August and were 79.2% higher than a year earlier.
- Global manufacturing activity increased in August. The Global Manufacturing Output Purchasing Managers’ Index (PMI) increased 0.3 points to 53.0, while the New Export Orders Index rose 1.4 points to 51.4. Both indicators remained supportive of air cargo demand.
Air Cargo Market in Detail – August 2026
| August 2026 (%year-on-year) | World Share *1 | CTK | ACTK | CLF (%-pt) *2 | CLF (level) *3 |
|---|---|---|---|---|---|
| Total Market | 100% | 4.4% | -0.1% | 2.0 | 46.0% |
| Africa | 2.1% | 3.0% | 14.0% | -3.9 | 36.5% |
| Asia-Pacific | 35.8% | 4.3% | 1.2% | 1.5 | 48.6% |
| Europe | 21.4% | 4.1% | -3.5% | 3.9 | 53.0% |
| Latin America and Caribbean | 2.9% | 5.1% | 3.3% | 0.6 | 34.9% |
| Middle East | 13.2% | 1.0% | 3.3% | -1.0 | 43.1% |
| North America | 24.6% | 6.6% | -2.5% | 3.6 | 42.0% |
(*1) % of industry CTK in 2025 (*2) Year-on-year change in load factor (*3) Load factor level
August Regional Performance
Asia-Pacific airlines saw a 4.3% year-on-year growth in air cargo demand in August. Capacity increased by 1.2% year-on-year.
North American carriers saw a 6.6% year-on-year increase in air cargo demand in August, the strongest performance of all regions. Capacity decreased by 2.5% year-on-year.
European carriers saw a 4.1% year-on-year increase in demand for air cargo in August. Capacity decreased by 3.5% year-on-year.
Middle Eastern carriers saw a 1.0% year-on-year increase in demand for air cargo in August, the weakest of all regions. Capacity increased by 3.3% year-on-year.
Latin American and Caribbean carriers saw a 5.1% year-on-year increase in demand for air cargo in August. Capacity increased by 3.3% year-on-year.
African airlines saw a 3.0% year-on-year increase in demand for air cargo in August. Capacity increased by 14.0% year-on-year.
Trade Lane Growth
Air cargo performance diverged across major trade lanes in August. Asia–North America recorded the strongest growth, followed by within Asia, Europe–North America, and Europe–Asia. In contrast, Gulf-linked corridors remained disrupted by the conflict in the Middle East.
| Trade Lane | YoY growth | Notes | Market share of industry* |
|---|---|---|---|
| Africa-Asia | -11.9% | 3 consecutive months of contraction | 1.3% |
| Asia-North America | +13.2% | 7 consecutive months of growth | 23.5% |
| Europe-Asia | +3.1% | 42 consecutive months of growth | 21.5% |
| Europe-Middle East | -12.1% | 6 consecutive months of contraction | 5.2% |
| Europe-North America | +4.3% | 4 consecutive months of growth | 13.5% |
| Middle East-Asia | -11.0% | 6 consecutive months of contraction | 7.4% |
| Within Asia | +6.1% | 34 consecutive months of growth | 7.3% |
*Share is based on full-year 2025 CTKs.
> View August 2026 Air Cargo Market Analysis (pdf)
