The Air Freight market witnesses softening, but steady global demand resulting in volumes reduction.
Demand will likely increase in the coming months due to the post-lockdown production ramp-up in China.
Rates showed signs of softening, but remain high and and expected to remain higher than pre-COVID times.
Volumes softening continues, likely to increase in coming months.
-3% YoY vs. last year
|
|
Overall capacity down by -10% in July ’22 vs July ’19.
Month-on-Month improvement continues.
PAX recovery is quite noticeable.
|
|
|
Rates showed signs of softening.
In June ’22, rates globally were +120% higher vs. ’19 baseline
|
|
Jet fuel prices are quite high, reaching $159/b in the first week of July ’22.
|
|
|
