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Date: 03/05/2024

Global air cargo tonnages return to growth
 
Global air cargo tonnages returned to growth in the third week of April, thanks in part to a surge in traffic from Central & South America (CSA), as flower shipments ahead of upcoming Mother’s Day events in large parts of the world made up for stalling demand from Middle East & South Asia (MESA), linked to Eid.
 
According to the latest weekly figures and analysis from WorldACD Market Data, total worldwide tonnages rose by +3% in week 16 (15-21 April), after recording week-on-week (WoW) declines of -2%, -4% and -6% in the previous three weeks due to a combination of the effects of various holiday periods such as Easter and Eid resulting in subdued cargo booking levels. Average worldwide rates held firm at US$2.50 per kilo in week 16, the same level as the previous week and the equivalent week last year, based on the more than 450,000 weekly transactions covered by WorldACD’s data. That rate remains significantly above pre-Covid levels: +39% compared to April 2019.



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