Holidays slow traffic but not pricing Global traffic volume in terms of chargeable weight dropped in week 22 (25 to 31 May) by -9% week on week (WoW), largely in response to public holidays Pentecost, US Memorial Day and Eid…
Worldwide tonnages and rates stabilize Worldwide air cargo markets appear to have broadly stabilized in mid-May after recovering from ‘super golden week’ holidays in East Asia at the start of the month, with capacity continuing to slowly rebuild amid the…
Asia Pacific tonnages rebound as stability returns to some markets Air cargo tonnages from Asia Pacific rebounded strongly, as expected, in the second full week of May after dropping during ‘super golden week’ national holidays in East Asia in…
Tonnage, pricing and capacity in decline In the first full week of May airfreight retreated on a global basis from the previous week (WoW) both in terms of chargeable weight and pricing, accompanied by a reduction in capacity. This was…
Tonnage rebounds to +5% in April, end of flower surge After several weeks of growth global airfreight volume dropped -7% in week 18 (April 27 – May 3) compared to the week before as the rush to move flowers in…
Flower shipments boost global tonnages, rates edge further upwards Worldwide air cargo capacity and tonnages rose by a further +3% in the final full week of April, partly driven by seasonal factors and upcoming national holidays, with rates recording a…
Rate increase slows as Middle East capacity further rebuilds The steep rise in average global air cargo rates since the US and Israel began their war against Iran appears to be slowing, with the ceasefire broadly holding and allowing capacity…
Rates rise further despite drop in worldwide tonnages Global air cargo rates have continued to rise despite a further drop in worldwide tonnages, linked to Easter holidays and additional bellyhold capacity returning to Gulf markets. According to the latest weekly…
Traffic slowdown does not halt rising rates With the exception of the Middle East and South Asia (MESA), airfreight tonnage was in retreat across the globe during week 14 (March 30 to April 5), falling -4% from the previous week…
Prices reach new highs even as traffic growth stalls Even though the rebound in global airfreight traffic slowed, pricing continued to rise further, indicating that the price of jet fuel is replacing capacity constraints as the driver of upward rate…