Air cargo rates ease slightly but stay well above start-of-year levels

Summary

WorldACD data for the week ending July 5 shows worldwide average air-cargo rates falling 1% week on week to $3.13 per kg, with spot rates down 2% to $3.62 per kg. Xeneta's June read put global spot rates at $3.40 per kg, 38% above a year earlier, as demand grew 7% year on year against 3% capacity growth and load factors hit 62%.