Global air cargo demand up 6% YoY in August; spot rates hold at $3.13/kg, +24%

Summary

Xeneta reports global air cargo volumes rose 6% year-on-year in August after a 5% gain in July, with spot rates averaging USD 3.13 per kg-24% above a year earlier but down 3% month-on-month. Capacity was flat YoY while the dynamic load factor reached 61%, three points higher than August 2025. Analysts call it a seller's market as demand keeps outpacing supply.