Global air cargo rebounds to 50% above pre-Covid levels

In latest figures from WorldACD Market Data, global air cargo rates in December 2023 are 50% above their pre-Covid levels in same time period 2019. There has been a significant rebound in the months prior in demand and pricing, especially ex-China. Worldwide average rates are currently 16% below their levels this time last year, at an average of $2.69 per kilo in week 50, although they remain significantly above pre-Covid levels (50% compared to December 2019). Year-on-year, total global tonnages in weeks 49 and 50 strengthened +5%, with Asia Pacific and Middle East & South Asia leading at 16% and