Airfreight demand and rates have stabilised over the last couple of weeks following the highs and lows caused by the Lunar New Year
Cathay Pacific saw cargo revenues, volumes and yields increase last year, although the company is “cautiously monitoring” the impact of geopolitical developments
AFKLMP saw its revenues decline in 2024 despite cargo traffic and volumes improving due to limited exposure to the fast-growing Asia market.
The first signs of the impact of stricter requirements around e-commerce were visible in February’s air cargo data, while the overall market continued to grow
Kuehne+Nagel registered an increase in airfreight volumes last year despite “challenging market conditions” but operating profits for the division came under pressure
Airfreight rates on major routes out of Hong Kong remained above last year’s levels in February despite concerns regarding the impact of tariffs
January marked the 18th consecutive month of growth for the air cargo industry, but market conditions should be closely monitored, warns IATA
Figures from WorldACD show that the dip in cargo tonnages over the Lunar New Year break was actually less pronounced than last year
The number of transpacific freighter flights has not yet recovered following the Chinese New Year potentially reflecting the introduction of US tariffs
Airfreight rates have remained firm over the last week despite concerns the market could take a hit due to the temporarily aborted de minimis ban and Lunar New Year
Tonnages from China to the US dropped following Lunar New Year but it's not yet clear what's been the biggest catalyst
Freighter operators are expected to see continued demand growth despite the US introduction of new tariffs on China, according to consultancy Cirium
There was lower-than-expected growth in global air cargo demand in January of just 2% year on year
Air cargo demand for 2024 exceeded the record volumes set in 2021 helped by high e-commerce volumes and ocean shipping constraints