Overview

• Global demand measured in CTKs rose 4.1% year over year in August 2025 as capacity increased 3.7%, according to IATA.
• Asia-Pacific carriers posted 9.8% growth and Africa led with 11.0%, while North America contracted 2.1%.
• Europe–Asia and Within Asia corridors recorded double‑digit gains, but Asia–North America and Within Europe declined.
• Jet fuel prices were 6.4% lower than a year earlier, extending a 14‑month run of year‑on‑year declines.
• Manufacturing PMI improved to 51.75 with new export orders at 48.73, and outlets differed on July global goods trade growth, citing either 5.4% or 4%.