Worldwide air cargo demand dropped by around -3% in the first week of July, due mainly to a fall in volumes from North America linked to US Independence Day holidays, but average worldwide rates rose by around +2%, week on week (WoW), thanks to rises from all the main global origin regions apart from North America. There were few signs of a final surge in exports to the US ahead of what was expected to be a key US tariff deadline date of 9 July – subsequently delayed until 1 August – although that traffic may also have been affected by the ‘Fourth of July’ celebrations in the US.
