In March 2025, global air cargo demand rose by 4.4% year-on-year, reaching a historic peak for the month, with international operations seeing a 5.5% increase. Capacity grew by 4.3%, driven by lower fuel costs despite uncertainties surrounding potential tariff changes. The Asia-Pacific region led demand growth at 9.6%, while North America followed closely at 9.5%. In contrast, Middle Eastern and African carriers faced declines in demand. The Europe-North America route was the busiest, with significant growth in the Asia-North America trade lane, likely due to preemptive shipping ahead of anticipated tariffs.

Source: https://www.stattimes.com/air-cargo/air-cargo-demand-grows-44-in-march-iata-1355144