Global air cargo spot rates experienced a 6% month-on-month decrease in July, settling at an average of $3.12 per kilogram. Despite this recent dip, current rates remain 28% above those recorded in the previous year. This reduction follows a period where rate premiums had accumulated since the onset of the Middle East conflict in February.
Market analytics firm Xeneta anticipates a subdued second half of 2026 for air cargo, observing minimal indications of a typical peak season surge. The lack of appetite for peak season charter flights further supports this outlook.
For freight forwarders and operations managers, this trend suggests that air freight capacity may remain more readily available than in recent years, potentially leading to more stable or even decreasing spot rates. Shippers might find more favorable pricing for urgent shipments, and the need for costly charter solutions during traditional peak periods could be reduced. Forwarders should monitor key trade lanes for specific rate movements and adjust their procurement strategies accordingly, potentially leveraging the softer market to secure better terms for clients.
