News / China's air cargo capacity is back to normal, but demand is weak

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China’s airfreight capacity has risen above pre-Shanghai lockdown levels, but there’s been no big uptick in demand so far, forwarders say, even while rates creep up.

According to Steve Saxon, partner at McKinsey, the lockdowns in Shanghai led to cargo being unable to get to the airport, as well as a lack of handlers.

He explained on social media: “At the trough, we saw 80% less air cargo capacity in Shanghai. China-wide, this translated to a 20% decline in air cargo capacity.”

Indeed, ...