The air cargo market is experiencing a sustained cooling period, and according to recent data released by Xeneta, there is currently little indication that airlines will benefit from a traditional peak season surge this year. The market update for July highlighted a 4% increase in demand compared to the previous year, while available capacity saw a more modest rise of 1%.
For freight forwarders and shippers, this outlook suggests a continuation of the current market conditions. It implies that the usual seasonal pressures on air freight rates and capacity may not materialize to the same extent as in previous years. Forwarders can likely expect more stable pricing and readily available space, reducing the urgency for early bookings or concerns about significant rate spikes. This environment could offer more flexibility in planning and execution for air cargo operations.
