GulfBase Live Support
Leave a message and our representative will contact you soon
30/04/2026 04:40 AST
Global cargo demand in the aviation industry declined by 4.8 percent in March, as escalating conflicts in the Middle East disrupted supply chains and weighed on air freight volumes, latest industry data showed.
In its new report, the International Air Transport Association revealed that cargo demand among carriers in the Middle East region dropped by 54.3 percent year on year in March, while capacity decreased by 52.4 percent.
The escalation of conflict in late February and March triggered widespread airspace closures and flight cancelations across the region, causing severe disruptions at major Gulf cargo hubs, including Dubai, Doha, and Abu Dhabi.
Willie Walsh, director general of IATA, said: "Air cargo demand fell 4.8 percent in March compared to the previous year. This was mostly due to severe disruptions at major Gulf hubs due to the war in the Middle East. The timing of the usual post-Lunar New Year slowdown also added to the decline."
He said the underlying demand trends in the aviation sector appear strong and that recent revisions to trade and gross domestic product forecasts by the World Trade Organization and the International Monetary Fund continue to point to economic growth in 2026.
"Importantly, air cargo networks are providing the flexibility needed to support global supply chains as they adjust to geopolitical, tariff, and operational strains. All eyes are on fuel supply and price, which are expected to test the industry's resilience in the coming months," added Walsh.
According to the report, airlines operating in the African region witnessed the highest cargo demand growth at 7 percent year on year in March. However, capacity of these air carriers declined by 4.6 percent during the same period.
Asia-Pacific airlines saw a 5.4 percent year-on-year growth in air cargo demand in March, while capacity increased by 5 percent.
Among European carriers, cargo demand saw a 2.2 percent year-on-year increase, while airlines in North America witnessed a decline of 1.2 percent.
Latin American and Caribbean carriers saw a 1.8 percent year-on-year increase in demand for air cargo in March, while capacity rose by 5.1 percent during the same period.
Arab News
30/04/2026
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef has met with France's Interministerial Delegate for Strategic Minerals and Metals Supplies Benjamin Gallezot to discuss strengthenin
Asharq Al Awsat
28/04/2026
Global oil prices climbed again at the start of the week as renewed geopolitical tensions around the Strait of Hormuz revived supply concerns, pushing crude benchmarks back toward the psychologically
Khaleej Times
28/04/2026
Saudi Arabia's banking sector reinforced its role as a pillar of the national economy, posting a record start to 2026 with unprecedented first-quarter profits.
The Kingdom's 10 listed banks
Arab News
| Ticker | Price | Volume |
|---|
30/04/2026
INDUSTRY and Commerce Minister Abdulla bin Adel Fakhro met US Ambassador Stephanie Hallett yesterday in the presence of American Chamber of Commerce in Bahrain president Qays Hatim Zu'bi.
Th
GDN Online
30/04/2026
In coordination with the Tax Authority, Oman's Ministry of Finance on Wednesday launched the Tax Grievance System aimed at facilitating the submission of tax grievance claims and enabling users to tr
Muscat Daily
30/04/2026
The Central Bank of Bahrain (CBB) has announced its decision to maintain the overnight deposit interest rate unchanged at 4.25%.
This decision comes as part of the review conducted by the CB
Trade Arabia
30/04/2026
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef has met with France's Interministerial Delegate for Strategic Minerals and Metals Supplies Benjamin Gallezot to discuss strengthenin
Asharq Al Awsat
30/04/2026
Saudi Arabia's Public Investment Fund (PIF) is set to strengthen its financial resilience and support long-term economic diversification under its newly announced 2026-2030 strategy, according to Moo
Saudi Gazette