The industry kicked off the year with strong passenger demand, as IATA noted a 13.8% rise in global passenger demand for March 2024 over last year, with international demand up 18.9% and domestic demand up 6.6%. This growth is fueled by robust travel demand, especially with the upcoming summer travel season, highlighting the need for better supply chain management and operational efficiency.
In February 2024, IATA reported a robust 11.9% year-on-year growth in global air cargo demand, attributed to increased manufacturing output, better export orders, and positive inflation trends, highlighting air cargo's resilience amid economic uncertainties.
