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Global Air Cargo Market Stabilizes as Tonnages and Rates Hold Steady Post-Holiday Dip

Worldwide air cargo tonnages and average rates have stabilized in the last two weeks of February, signaling a recovery from the typical slump following the Lunar New Year. According to the latest figures, week 8 saw a 2% increase in tonnages and a 1% rise in global average rates compared to the previous week. The rebound was particularly strong on flows from the Asia Pacific region, which experienced a significant double-digit percentage increase in tonnage. Overall global capacity has also seen a notable year-on-year increase, driven largely by expanded capacity from Asia Pacific carriers. This stabilization suggests a return to more predictable market conditions for the air freight sector.

Official Source: https://aircargoweek.com/worldwide-tonnages-and-rates-stabilise/