Global air cargo volumes rebounded by 3% in the week ending June 7, according to WorldACD Market Data. This recovery follows disruptions caused by recent holidays. The strongest growth in tonnage was observed in North America and the Middle East & South Asia regions.
Airlines responded to the increased demand by expanding their capacity by 1% week-on-week. This capacity restoration was also facilitated by a decrease in fuel prices, which positively impacts operational costs for carriers.
For freight forwarders and operations managers, this rebound indicates a stabilization in the air cargo market after holiday-related dips. Increased capacity, coupled with potentially lower fuel surcharges due to easing fuel prices, could lead to more stable and possibly more competitive air freight rates. Shippers might find more options for urgent cargo, particularly on routes to and from North America, the Middle East, and South Asia.
