The shifting landscape of the world's air cargo carriers

© Jordan Tan

Inevitably, the air cargo market saw changes in market share among service providers over the five-year period between 2018 and 2023; 2018 was the last full year of the pre-Covid era, with positive traffic growth – 2019 was contractionary in terms of traffic levels – and yields were sufficiently robust to support most carriers.

Shifts in terms of air cargo traffic, as measured in cargo tonne-km flown (CTK), by region of airline domicile are illustrative. While changes in terms of region-based ...