Global air cargo sees modest recovery post-Lunar New Year

Global air cargo tonnages rebounded slightly (+3%) in week 6 (3 to 9 February) from their Lunar New Year (LNY) holiday dip the previous week, although average rates have dropped further, especially from Asia Pacific, according to the latest weekly figures and analysis by WorldACD Market Data.

The charts in the pdf report contain our latest views on air cargo market developments.

Worldwide rates, based on a full-market average of spot rates and contract rates, dropped, week on week (WoW), by -5%, to US$2.30 per kilo, taking average prices -3% below their level this time last year, although that comparison figure is distorted by the later timing in 2024 of Lunar New Year. The week 6 drop in pricing is driven primarily by a -11% WoW fall from Asia Pacific origins, based on the more than 500,000 interac…