Air cargo tonnage for the full month of June 2023 ended at -4% compared to the previous year, an improvement compared to May at -6% (YoY), while April was still at -10% (YoY), according to the latest weekly figures from WorldACD Market Data. Overall capacity increased by +11% compared to last year, with capacity ex-Asia Pacific up by a noteworthy +30%. Other double-digit YoY percentage increases include traffic from Middle East & South Asia (+15%) and Africa (+13%), while a strong reduction was observed in Central & South America (-8%).
Average rates stabilised throughout June at around -38% compared to the previous year. Worldwide average rates are currently -38% below their levels this time last year, at an average of $2.39 per kilo in week 26, although they remain significantly above pre-Covid levels (+35% compared to June 2019), as per a report.