TIACA reports growth in membership and revenue for 2024
The International Air Cargo Association (TIACA) has reported a positive trend in its membership and revenue for the fiscal year 2024. Director General Glyn Hughes delivered an update on the association's progress during a recent webinar, highlighting notable developments and insights into the organisation’s growth.
TIACA welcomed 33 new members throughout the year, with its total membership now standing at 480 companies and organisations. This increase includes various categories of new members: six registered as trustees, 16 corporate members, six small businesses, and five startups. The newly appointed trustee members include prominent players in the air cargo sector, such as Rainbow Aviation, King Salman International Airport, SmartKargo, Emirates SkyCargo, Delta Cargo, and Conveyor Logistics. These additions suggest a growing interest and engagement from significant stakeholders in the air cargo industry.
Mr Hughes also reported a 19 per cent year-on-year increase in total revenues for the organisation. This improvement aligns with TIACA's biennial Air Cargo Forum event, which took place in November 2024. The success of this event has led TIACA to announce plans for the Air Cargo Forum to become an annual gathering starting in 2025. This decision reflects a strategic shift towards more frequent engagement opportunities for its members, likely driven by the increasing importance of networking and collaboration in the evolving air cargo landscape.
Nevertheless, Hughes noted a decline in member revenues compared to previous years. The downturn can primarily be attributed to a reduction in the number of trustee new members this year, with only six joining compared to thirteen in 2023. Trustee members are required to pay a one-off joining fee, and as a result, they benefit from lower annual fees in subsequent years. This distinction in revenue generation models underscores the varying contributions of different membership types within the association.
In specific financial terms for 2024, Hughes stated that membership revenues constituted 58 per cent of TIACA's overall income, while revenue from events made up 37 per cent, with programmes contributing the remaining 5 per cent. This composition highlights the vital role that both membership and events play in sustaining the financial health of TIACA, demonstrating how the association balances its efforts across member engagement and revenue-generating events.
The focus on expanding the membership base and enhancing revenue streams indicates TIACA's commitment to addressing the needs of its members and adapting to the changing demands of the air cargo sector. By fostering a diverse membership landscape and increasing the frequency of industry events, TIACA aims to strengthen its position as a leading representative body within the air cargo domain.
Moving forward, as the air cargo industry continues to face challenges and opportunities, TIACA’s initiatives will likely play a pivotal role in shaping the direction of the sector. With a robust strategy in place, the association is well-positioned to support its members and contribute to industry advancements in the years to come.