Global air cargo demand dropped by around -5% in the first week of July, mainly due to the impact of US Independence Day holidays, but average worldwide rates remain high thanks to continuing rises from Asia Pacific origins.
According to the latest weekly figures and analysis from WorldACD Market Data, the -5% drop in worldwide tonnages in week 27 (1 to 7 July) included a fall of -13% from North America origins, with the ‘Fourth of July’ celebrations also contributing to a -8% drop from Central & South America (CSA), and declines of -4% from Europe and -3% from Asia Pacific.
