IATA: May 2026 global air cargo demand up 6% Y/Y as capacity lags (6.5% international growth)
IATA data shows global air cargo demand rose 6.0% year-on-year in May 2026, with international volumes up 6.5% while capacity increased 1.9%, lifting load factors. Growth was strongest on transpacific trade lanes, and demand rose in all regions except the Middle East.