Air cargo is on a pathway to double-digit growth this year, according to Xenta’s latest analysis, but the US crackdown on Chinese ecommerce has the market hedging its bets.
“Despite conservative, low single-digit industry growth forecasts at the end of last year, expectations have been boosted by six consecutive months of quite extraordinary regional demand for cargo capacity,” Xeneta said.
Global air cargo spot rates in May rose 9% year on year, to $2.58 per kg, the second consecutive month of growth, and demand was up 12% YoY.
