Not even zero growth in November and December can disrupt the global air cargo market from landing a year of unexpected double-digit demand growth in 2024. Healthy volumes of +11% in October and spot rates up +19% year-on-year reflected the growing maturity and balance among buyers and sellers of air cargo capacity, according to the latest market data by Xeneta. A year of constant, unexpected disruptions outside of the industry’s control – which began with a growth forecast as per October 2023 … [Read more...] about Xeneta report: Market maturity navigates disruptions, puts air cargo on ‘final approach’ to double-digit demand growth in 2024
ANALYSIS
Xeneta: Summer provides perfect ‘warm up act’ as the global air cargo market heads towards hotly anticipated Q4 peak
The global air cargo market’s hot summer of double-digit demand growth continued in August with average spot rates showing their largest year-on-year growth of +24%, according to the latest weekly analysis by Xeneta. Global average air cargo spot rates of USD 2.68 per kg in August were boosted by continuing supply and demand imbalance. August's global cargo supply grew at its slowest ratio in 2024 to-date at 2% year-on-year, while global cargo demand continued its double-digit growth, rising … [Read more...] about Xeneta: Summer provides perfect ‘warm up act’ as the global air cargo market heads towards hotly anticipated Q4 peak
WorldACD: Air cargo tonnages contract 5 percent in 2023
Global air cargo tonnages contracted 5 percent in 2023 year on year, according to the latest figures from WorldACD Market Data. The first half of 2023 saw tonnages fall by 9 percent YoY, whilst the second half was characterised by an improving YoY performance for each consecutive month, with the period closing flat compared to 2022. Preliminary figures for the final week of 2023 indicate that tonnages in December were 5 percent above their level in December 2022, driven by … [Read more...] about WorldACD: Air cargo tonnages contract 5 percent in 2023
Air cargo’s 2022 ends with less demand, lower rates
2022 wrapped up with less demand and lower rates for the industry as air cargo volumes declined for the 10th consecutive month in December, falling 8 percent year on year and down 13 percent compared to 2019, according to the latest air freight data from Xeneta. Available capacity meanwhile recovered to 93 percent of the 2019 level. CLIVE’s ‘dynamic load factor,’ which provides a 'true indication of market performance' based on the volume and weight perspectives of cargo flown and capacity … [Read more...] about Air cargo’s 2022 ends with less demand, lower rates
AAPA: Air cargo demand up almost a quarter in September
Press release Preliminary September 2021 traffic figures released this week by the Association of Asia Pacific Airlines (AAPA) revealed yet another month of severe weakness in international air passenger demand, whereas international air cargo markets continued to strengthen on the back of growth in demand. For the month, the region’s airlines carried a combined total of 1.2 million international passengers, representing 4.1% of the 30 million recorded in the same month of 2019. The … [Read more...] about AAPA: Air cargo demand up almost a quarter in September
Peyton Burnett on TAC Index new routes, developments
TAC Index recently added India to its growing list of air freight rate indices as it takes on a wider coverage for interested and concerned air cargo parties. Payload Asia got a chance to talk to managing director Peyton Burnett almost a month ago as he shared details on the newly published routes as well as the fixable nuisances that are all part of providing reliable data for stakeholders in the air freight industry. Can you explain why these four new routes (or perhaps at least one) have … [Read more...] about Peyton Burnett on TAC Index new routes, developments
