In 2024, the air freight market showed a generally firm trend with periods of strong growth. Demand remained steady throughout the year, mainly supported by rising e-commerce shipments from Asia and continued supply chain disruptions in ocean shipping. Many retailers and manufacturers shifted goods from sea to air to avoid delays caused by congestion and longer shipping routes, especially after disruptions in the Red Sea and Suez Canal. This increased pressure on available cargo space and supported higher freight rates across key trade lanes.
During the year, airlines benefited from tight capacity and steady shipment volumes, particularly on routes connecting Asia, Europe, and the United States. Industrial shipments, retail goods, and electronics contributed to stable demand, while strong peak-season activity helped maintain market momentum. At the same time, global economic growth remained moderate, and some regions faced weaker manufacturing activity, which limited excessive price increases. Despite these challenges, improved supply chain stability and better planning by shippers helped the market remain balanced.
By the end of 2024, the air freight sector showed a stable and confident environment, with longer-term contracts becoming more common as businesses expected more predictable supply and demand conditions.
