Global air cargo rates have continued to rise despite a further drop in worldwide tonnages, linked to Easter holidays and additional bellyhold capacity returning to Gulf markets.
According to the latest weekly figures from WorldACD Market Data, average worldwide spot rates rose by a further +3% in week 15 (6 to 12 April) to US$3.76 per kilo, taking them +37% higher than this time last year and more than +40% up compared with their level at the end of February, when the US and Israel launched military strikes on Iran.
For more details, please refer to the WorldACD weekly report (PDF).
