Air Cargo Capacity Returns to Middle East & South Asia, Deficit Narrows to -19%

Summary

Following the 17 June U.S.-Iran peace memorandum, Middle East & South Asia air cargo capacity continued to recover, with the deficit versus pre-war levels narrowing from -30% to -19% by 19 June. The Gulf-North America gap improved from -33% to -13%, while Gulf-Asia Pacific capacity recovered from -51% to -35%. The return of previously suspended services by Gulf carriers is accelerating the rebuild.