Worldwide air cargo rates have continued to rise into the first week of April, boosted by a surge in prices and demand from Middle East & South Asia origins, according to the latest weekly figures and analysis from WorldACD Market Data, despite a fall in tonnages from most regions linked to various holiday periods around the world, including Easter, Ramadan, and China’s Qingming Festival.
Average global rates rose, week on week (WoW), by more than +2% in week 14 (1-7 April) to $2.54 per kilo, following consecutive weekly WoW rises of between +2% and +3% last month, taking them to just -1% of their level in week 14 last year and significantly above pre-Covid levels (+41% compared to April 2019).
