News / Air cargo market softens substantially as summer slow season looms

© Aline Rakotoson Babelon |

The heat is coming out of the air cargo market significantly, with volumes down 7% month on month and demand 8% lower than pre-Covid levels.

Capacity, meanwhile was still down 12% on May 2019, while dynamic load factors fell 9 percentage points last month, to 60%, according to Clive Data Services.

As a result, rates last month were 16% lower than a year ago, although still 134% up on 2019. April’s rates were 26% lower than in 2021 and 145% up on ...