Global air cargo volumes up 6% YoY in May, spot rates drop: Xeneta
While international trade continued to flow in May and global air cargo volumes rose by 6 per cent YoY, market sentiment and concerns over what comes next saw airfreight spot rates drop for the first time in a year, Xeneta said. More downward pressure may lie ahead, it said. Global air cargo capacity rose by 2 per cent YoY in May as airlines raised passenger belly capacity for summer in North.
While international trade continued to flow in May and global air cargo volumes rose by 6 per cent YoY, market sentiment and concerns over what comes next saw airfreight spot rates drop for the first time in a year, Xeneta said.
More downward pressure may lie ahead, it said.
Global air cargo capacity rose by 2 per cent YoY in May as airlines raised passenger belly capacity for summer in North.
