Air cargo demand drops in June, while rates go up

According to the latest statistics from the CLIVE data services, the demand for Air cargo declined for the fourth month in a row for June as compared to the last year. According to the data, Figures from the Xeneta-owned data provider show an 8% year-on-year decline in chargeable weight in June, following on from drops in March, April and May. The dynamic cargo load factor – taking into account weight and volume – for the month was nine percentage points behind last year at 59%. The load factor decline comes as demand fell and carriers continue to add capacity – up 6% on last year – to cater for returning passenger demand. Despite the weakening supply and demand conditions, rates for the year were up 13% compared with the same month last year, although there was a decline compared to May, added the report.