At the end of the season, air transport loses momentum

In October, air cargo demand increased by 6%, marking the seventh consecutive month of growth. Despite this, market conditions show no signs of sudden capacity pressure or significant rate increases. Average spot rates rose to $3.11 per kg, a 29% increase year-on-year. The lack of capacity growth continues to influence rates, with a dynamic load factor reaching 63%. The highest rate increases were noted in the transatlantic corridor, driven by AI-related shipments. However, e-commerce shipments from China to the EU have significantly declined due to new tariffs, impacting future growth prospects.