Comment / Bust-to-boom-to-bust: the cyclicality of air cargo growth patterns

The global air freight market has been in positive growth territory for about one year now, with IATA reporting positive traffic gains since August 2023, as well as seven consecutive months of double-digit industry growth, from December 2023 through June 2024 (and early reports for July 2024 show ongoing strong growth). Most industry pundits are expecting a very strong peak season in latter Q3/early 4Q 24.

It is helpful to bear in mind that neither growth nor ...