News / Shorter CNY peak for air cargo, but market shows 'a good degree of resilience'

© Chetsadakorn Nakhammoon |

Air freight’s traditional new year peak has gone “off-piste”, as the industry faces soft volumes and some capacity declines as specific airlines battle their demons –whether they be Covid, 5G or Chinese restrictions.

Air freight rates out of China continued to plunge from their December highs until mid-January, when they began to rise again shortly before the start of the earlier-than-usual Chinese New Year.

Last year, rates began to rise nearly a month before the Chinese holiday in mid-February, and fell sharply ...