Global Cargo Airlines - Industry Market Research Report

Global cargo airlines' revenue has grown at a CAGR of 1.9% to $149.4 billion through the end of 2023, including a 28.8% decline in 2023 alone, driven by plummeting shipping prices. Revenue has been highly volatile in recent years; COVID-19's effect on the global economy delayed shipments and disrupted supply chain disruptions, particularly for perishable goods. The war in Ukraine has also hurt cargo capacity serving the European market. Increased demand for personal protective equipment and reduced shipping capacity have led the freight price index to skyrocket following COVID-19. Profit has declined to 4.6% in 2023 due to reduced shipping capacity. The Global Cargo Airlines industry includes businesses that provide air transportation for commercial and private cargo on either scheduled or nonscheduled routes. The industry also includes express services and air transportation that is part of a national postal system, while courier services are excluded from this industry's operations. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.