The International Air Transport Association (IATA) released data for April 2026 global air cargo markets showing that total demand increased by 4% compared to April 2025 levels. Capacity decreased by -0.4% compared to April 2025.
Meanwhile, Middle East carriers saw a 18.2% year-on-year decrease in demand for air cargo in April, the weakest performance of all regions. Capacity decreased by -22.9% year-on-year.
Willie Walsh, IATA’s Director General said: “Air cargo demand grew 4% year-on-year in April, driven by strong Asia-linked trade flows. But this positive news masks a more complex operating environment.
"Severe disruption at major Gulf hubs due to the war in the Middle East continued to reshape trade routes and constrain capacity on key corridors.
"With dedicated freighters carrying much of the growth, air cargo is once again keeping supply chains moving amid trade disruptions. The coming months will test how well the sector can absorb continued geopolitical uncertainty and elevated operating costs.”
Global trade contracted in March by 2.1% month-on-month after four consecutive months of growth, highlighting the continued vulnerability of trade momentum to geopolitical shocks.
Jet fuel prices rose sharply in April, up 121.1% year-on-year, alongside a 77.7% increase in crude oil prices.
Global manufacturing sentiment remained in growth territory in April, strengthening from March. The Purchasing Managers’ Index (PMI) rose 1.9 points to 53.4, while the PMI for new export orders reached 50.2.
With both indicators above the 50-point expansion threshold, conditions remain supportive for air cargo demand.
Air cargo performance diverged across major trade lanes in April. Africa–Asia led growth followed by Asia–Europe, with intra-Asia also holding strong on regional trade. In contrast, Gulf-linked corridors were severely disrupted by the ongoing conflict in the Middle East.
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