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Global Air Cargo Rates Remain Elevated Despite Capacity Rebound from Middle East & South Asia

Global air cargo rates are staying high, with the average spot rate reaching $2.52 per kilogram, a 9% increase compared to the previous year. This resilience is largely driven by surging e-commerce demand, which is causing volumes from the Middle East and South Asia to outpace the returning cargo capacity. The ongoing Red Sea shipping crisis continues to divert freight from ocean to air, further bolstering demand. Specifically, demand on the Middle East & South Asia to Europe corridor has surged by an incredible 110% year-on-year. Despite a 10% rise in available capacity from the region, it is not enough to cool down the overheated market.

Official Source: https://aircargoweek.com/air-cargo-rates-stay-elevated-as-mesa-capacity-rebounds/