Its projections are based on projected gross domestic product growth, which it assumes is closely linked to air cargo activity.

The agency added that it expects the continued growth of all-cargo carrier capacity and "ongoing security considerations" to increase the market share of international cargo RTKs, at the expense of belly freight flown by passenger carriers. The FAA's projections predict that the all-cargo market share to ultimately reach 78.1 percent by 2036, up from its current level of 71.8 percent.

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