In August 2025, global air cargo demand rose by 5% year-on-year, consistent with July’s growth, amid a 4% capacity increase. However, average global spot rates dropped by 3%, reflecting ongoing market uncertainty for shippers and airlines. Niall van de Wouw from Xeneta noted that while airfreight demand is bolstered by a segment that switches between air and ocean freight, it doesn’t indicate robust economic activity. Regulatory changes and shifting trade patterns, particularly related to U.S. de minimis exemptions, add to the unpredictability, leaving future demand uncertain.

Source: https://www.stattimes.com/air-cargo/air-cargo-demand-rises-5-in-august-but-rates-continue-to-fall-1356426