Global air cargo demand contracted 4.8 per cent year-on-year in March, according to IATA, at key Gulf hubs amid Middle East conflict weighed heavily on volumes. Capacity declined 4.7 per cent, reflecting broader operational strain. Despite the dip, underlying demand remains resilient, supported by steady industrial output and trade growth. Regional performance was uneven: Asia-Pacific, Europe and Africa recorded growth, while Middle Eastern carriers saw a sharp 54.3 per cent drop in demand. Trade lanes linked to the Gulf were particularly affected, though Africa–Asia and Asia–Europe routes showed strength. Rising jet fuel prices and uncertainty continue to pose risks, but industry fundamentals suggest air cargo networks are adapting to sustain global supply chains.
