Air Cargo Rate Growth Slows as Passenger Capacity Returns, but High Fuel Prices Maintain Market Pressure
Global air cargo rates are showing signs of slowing as bellyhold capacity increases with the recovery of passenger aviation. Data from late April indicates a slight drop in worldwide rates, though they remain significantly higher than pre-pandemic levels. However, this added capacity is being counteracted by a sharp rise in jet fuel prices. These soaring fuel surcharges are adding significant cost pressure on carriers and keeping the overall market tight. The situation is further complicated by lockdowns in Shanghai, which have contributed to a recent drop in cargo tonnage from the region.
Official Source: https://theloadstar.com/air-cargo-rates-slow-as-capacity-returns-but-fuel-squeeze-keeps-market-tight/
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