April was the fourth month in a row that global air cargo demand increased by over 11% but the market has begun to slow down after a busy start to the year, according to analysis by Xeneta.
Additional belly capacity is affecting the dynamic load factor, air cargo demand as a result of Red Sea shipping disruption is expected to reduce and spot rates are not expected to hold up, warned the ocean and airfreight rate analytics platform.
Now airlines have launched their summer schedules, meaning more passenger planes and more belly capacity, overall cargo capacity has increased by 5% year on year.
