The North American air cargo charter industry has become a critical component of global supply chains, offering on-demand freight capacity and flexibility. In the United States alone, the chartered air freight market was estimated at $22.9 billion in 2024, with steady growth forecast through the decade. Below, we discuss key industries that rely on cargo charters, followed by a glossary of important charter terms. We’ll also highlight current trends, emerging technologies, and major players (companies and aircraft types) shaping the market.
This sector saw a significant boost during the COVID-19 pandemic, when grounded passenger fleets led to a shortage of belly-cargo capacity (over half of air cargo normally flies in passenger aircraft holds). Cargo charter rates spiked as airlines repurposed passenger jets for cargo and rushed to transport medical supplies and personal protective equipment.
According to IATA, air cargo charter bookings even increased by 15% in 2023 (largely driven by pharmaceuticals and high-value goods) as companies sought reliable transport amid ongoing supply chain disruptions. North America remains a dominant region in air charters, accounting for over 40% of the global market. Major U.S. cargo operators have expanded fleets of freighters to meet surging demand. These trends underscore the charter industry’s growing role in enabling time-critical logistics.