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By 2024 freight traffic measured in freight tonne-kilometers, the five largest air cargo operators were FedEx, Qatar Airways, UPS, Emirates and Atlas Air. This ranking measures cargo weight carried over distance—not revenue, tonnes alone, fleet size or available capacity.
Who are the 5 largest air cargo operators?
The ranking below uses 2024 freight tonne-kilometers (FTK, also reported as cargo tonne-kilometers or CTK). The top three figures are reported by Statista; the Emirates and Atlas Air figures come from an Air Cargo News ranking based on IATA World Air Transport Statistics (WATS) data.
| Rank | Operator | 2024 cargo traffic |
|---|---|---|
| 1 | FedEx Express | Over 18.1 billion FTK |
| 2 | Qatar Airways / Qatar Airways Cargo | 15.2 billion FTK |
| 3 | UPS Airlines | 15.1 billion FTK |
| 4 | Emirates SkyCargo | 12.354 billion FTK |
| 5 | Atlas Air | 11.942 billion FTK |
The Statista figures are rounded as reported; Air Cargo News presents the last two values as 12,354 million and 11,942 million FTK. Those company-level figures are secondary reporting of IATA WATS data, not a detailed table independently published on IATA’s public product page.
What does “largest” mean in this ranking?
Freight tonne-kilometers combine the weight of cargo with the distance it travels. A tonne carried a long way contributes more FTK than a tonne transported a short distance. That makes FTK useful for comparing traffic across operators with different route networks.
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It is not interchangeable with other measures. IATA distinguishes cargo tonne-kilometers, available cargo tonne-kilometers, freight tonnes and load factors in its World Air Transport Statistics. Tonnes carried measure weight without distance; available cargo tonne-kilometers measure capacity. Revenue, fleet size and network reach answer still different questions.
How to read the 2024 comparison
It measures traffic, not capacity
The ranking shows how much cargo traffic operators recorded in the selected measure. It does not establish how much unused capacity they had or how full their aircraft were; those questions require capacity and load-factor figures.
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The operators use different business models
Express integrators and carriers combining passenger and freighter operations do not offer identical networks or service models. A higher FTK rank therefore does not make an operator automatically better for a particular shipment. Route, handling needs and service suitability matter to a shipper.
The figures cover 2024, not a current company-by-company order
IATA’s market statistics cover international and domestic scheduled air cargo reported by member and non-member airlines. The public sources cited here establish this 2024 comparison, but do not provide a comparable official public airline-by-airline table for full-year 2025. IATA reported that global air cargo demand grew 3.4% in 2025 versus 2024; that market-wide growth figure does not show how any individual operator’s traffic or rank changed.
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What the ranking can—and cannot—tell a shipper
The list identifies the operators with the greatest 2024 traffic by distance-adjusted cargo volume. It is a useful scale comparison, not a recommendation for choosing a carrier. To compare operators for a shipment, look separately at the route and network, service model, handling requirements, available capacity and the relevant shipment-specific service terms.
IATA describes WATS as “the global aviation statistics database built entirely on direct airline reporting.” That is IATA’s description of its dataset; the detailed top-five company values above are reported through the cited secondary sources.
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Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.




