Sharp growth decline in Asia-North America trade lane due to rising tariffs for imports to the US

The slower growth compared to previous months was largely due to disruptions caused by ongoing military conflict in the Middle East.

NEW DELHI, June 2 — Global airlines shaved a key forecast for 2025 industry-wide profits on Monday, blaming trade tensions and declining consumer confidence, while hitting out at "unacceptable" delays in jetliner deliveries that have hindered their growth plans.

KUALA LUMPUR, April 30 — Global air passenger demand rose by 3.3 per cent in March 2025, compared to the 2.7 per cent growth reported for February, according to the International Air Transport Association (IATA).

KUALA LUMPUR, Jan 30 — Global air cargo markets made significant strides last year, with demand rising 11.3 per cent in cargo tonne-kilometres (CTK) compared to 2023, surpassing the record volumes set in 2021, according to the International Air Transport Association (IATA).

KUALA LUMPUR, Jan 9 — Global air cargo markets saw robust growth in demand in November 2024, with cargo tonne-kilometres surging by 8.2 per cent compared to a year earlier, said the International Air Transport Association (IATA).

GENEVA, Dec 10 — The global airlines industry is projected to strengthen its profitability in 2025 with a net profit of US$36.6 billion (RM161.8 billion), representing a 3.6 per cent net profit margin amid ongoing cost and supply chain disruption, said the International Air Transport Association (IATA).

KUALA LUMPUR, Nov 1 — Total global passenger demand, measured in revenue passenger kilometres (RPK), rose by 7.1 per cent year-on-year (y-o-y) in September 2024 versus a year ago, an all-time high, according to the International Air Transport Association (IATA).

KUALA LUMPUR, July 31 — Global commercial air passenger traffic for the aviation industry, measured in revenue passenger-kilometres, remained on its steady growth trend in June 2024, rising 9.1 per cent year-on-year (y-o-y).

KUALA LUMPUR, July 30 — Global air cargo markets showed continuously strong annual growth in demand for June 2024, measured in cargo tonne-kilometres (CTKs), rising by 14.1 per cent as against the same month in 2023.

KUALA LUMPUR, June 3 — The International Air Transport Association (IATA) has upgraded its 2024 profitability projections for airlines to US$30.5 billion in net profit compared to the US$25.7 billion forecast made in December 2023.

KUALA LUMPUR, June 3 — The International Air Transport Association (IATA) announced that its projection for Sustainable Aviation Fuels (SAF) to triple to reach 1.9 billion litres (1.5 million tonnes) in 2024 is on track.

KUALA LUMPUR, May 29 — The global air cargo market recorded 21.7 billion cargo tonne-kilometres (CTKs) in April, representing an 11.1 per cent year-on-year expansion, marking the fifth consecutive month of double-digit annual growth, said the International Air Transport Association (IATA).

KUALA LUMPUR, April 4 — The total global passenger demand for air travel in February 2024, measured in revenue passenger kilometres (RPKs), rose 21.5 per cent year-on-year (y-o-y), said the International Air Transport Association (IATA).

KUALA LUMPUR, April 4 — The global air cargo industry registered a total of 19.7 billion cargo tonne-kilometres (CTKs) in February 2024, representing an increase of 11.9 per cent year-on-year (y-o-y), according to the International Air Transport Association (IATA).

KUALA LUMPUR, Jan 31 — The global air freight markets showed that air cargo demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties, with full-year demand reaching a level just slightly below 2022 and 2019, said the International Air Transport Association (IATA).

KUALA LUMPUR, Jan 9 — Global air cargo demand increased by 8.3 per cent in November 2023 compared to the same month in 2022, while demand growth for international operations stood at 8.1 per cent, according to the International Air Transport Association (IATA).

KUALA LUMPUR, Dec 5 — Air cargo volumes for Asia-Pacific airlines increased by 7.6 per cent in October 2023 compared with the same month in 2022, with carriers in the region benefiting from ongoing growth in international cargo tonne-kilometres (CTKs) on three major trade lanes.

KUALA LUMPUR, Oct 5 — The International Air Transport Association (IATA) announced that the strong post-pandemic passenger traffic trend continued in August, with the total traffic (measured in revenue passenger kilometres or RPKs) rising by 28.4 per cent year-on-year compared with August 2022.

KUALA LUMPUR, Oct 3 — Asia-Pacific airlines saw their air cargo volume, measured in cargo tonne-kilometres (CTKs), increase by 4.9 per cent in August 2023 compared to the same month in 2022, the International Air Transport Association (IATA) announced.