IATA: Global air cargo demand up 6% in May 2026; AI/semiconductor lift continues into June as Middle East disruption persists
IATA data show May 2026 air cargo demand (CTK) rose 6.0% globally despite ongoing disruption tied to the Middle East. Passenger demand data similarly indicate conflict-hit effects on travel patterns. June strengthened further (+7%) on exceptional AI and semiconductor-related hardware demand, even as spot rates continue to ease and Asia-Pacific lanes remain supported by AI/electronics flows.