Cargo Airlines Industry Database and Insights
The Global Cargo Airlines Industry is one of the fast-growing industries in the Global Market
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Cargo Airlines Industry Database connecting you directly to decision makers
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11.0% Revenue Growth, Airlines considered Cargo as a Key Business
The Cargo Airlines industry covers those businesses that present air transport for commercial and private Cargo on scheduled or nonscheduled routes. Express services and postal system air transport are held in this industry, but courier services are not. Cargo airlines plan to associate with logistics service providers to build an efficient supply chain concerning freight forwarding, storage capability, and customs clearances.
- As per the airline association, IATA, cargo volumes rose by 4.1% to 63.7 million metric tons
- The global market is forecasted to grow due to the strong demand for manufacturing exports and increased diffusion of advanced technologies in the value chain
- The overall increase rate in the e-commerce sector is expected to strengthen its growth prospects over the forecast period
Interesting Statistics to Grow in the Industry
Air cargo is now a $60 billion-plus industry in the airline business with over $700 billion in annual revenues. By the next 20 years, cargo traffic is anticipated to increase more than triple, out-pacing passenger traffic and offer airlines more possibilities to generate revenue. Several global airlines produce over 30% of their revenue from air cargo.
- Commercial flights decreased 74% globally this year compared with the last year
- IATA predicts that the global airline industry will gain $124bn in 2020
- Global cargo revenues are expected to reach USD 130.1 billion
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