News / Expected strong peak season the 'cherry on the cake' for airlines

Resurgent demand for global airfreight continued in July,with rate rises across the board and putting “all eyes on late August”, in anticipation of a significant peak season.

Citing average spots of $2.66 per kg, Xeneta said rates had surged 20% year on year last month, amid a 13% bounce in volumes, which it and sources The Loadstar spoke with in the past week put down to “buoyant e-commerce [and the] comparatively low demand base [of July 2023]”.