28 November 2025 (Geneva) – The International Air Transport Association (IATA) released data for October 2025 global air cargo markets showing:
‘Air cargo demand grew 4.1% year-on-year in October, marking the eighth consecutive month of expansion and setting a new monthly record for volumes. While the Asia-North America trade lane extended its contraction to six months, October saw double-digit or near double-digit growth within Asia, between the Middle East and Europe, and between Europe and Asia. This shifting growth pattern shows that air cargo is enabling global supply chains to adapt to the impact of US tariffs. This positive news is especially significant as the air cargo sector enters the peak fourth quarter shipping season,’ said Willie Walsh, IATA’s Director General
Several factors in the operating environment should be noted:
Asia-Pacific airlines saw an 8
3% year-on-year growth in air cargo demand in October. Capacity increased by 7.3% year-on-year.
North American carriers saw a 2.7% year-on-year decrease in growth for air cargo in October, the weakest performance among all regions, tied with Latin America. Capacity increased by 0.1% year-on-year.
European carriers saw a 4.3% year-on-year increase in demand for air cargo in October. Capacity increased 4.3% year-on-year.
Middle Eastern carriers saw a 5.7% year-on-year increase in demand for air cargo in October. Capacity increased by 10.0% year-on-year.
Latin American carriers saw a 2
7% year-on-year decrease in demand for air cargo in October, the slowest growth of all regions, tied with North America. Capacity increased by 2.8% year-on-year.
African airlines saw a 16.6% year-on-year increase in demand for air cargo in October, the strongest rise of all regions. Capacity increased by 20.0% year-on-year.
Trade Lane Growth Air freight volumes in October 2025 increased across most major trade corridors, with the notable exceptions of trade lanes between North America and Asia, and within Europe. Europe–Asia posted the strongest performance with double-digit growth, followed by solid gains on Middle East–Asia, Africa–Asia, and Within Asia routes. Europe–North America also recorded modest positive growth. Europe–Middle East was broadly flat.
