What Happened
Global Air Cargo Demand Drives Need for Additional Capacity
Cirium’s latest Fleet Forecast predicts the delivery of around 747 new freighter aircraft to customers over the next 20 years, driven by a 2% annual growth rate in the global freighter fleet. The forecast highlights obstacles to aircraft production, including supply chain bottlenecks and engine availability, which are limiting the pace of capacity growth. E-commerce, high-value goods, and time-sensitive logistics are driving demand for dedicated freighters, despite challenges such as high fuel prices. According to Cirium, the cargo outlook remains influenced by a combination of drivers, including fuel prices and international trade flows. This forecast was reported by Air Cargo News.