In the week leading up to Lunar New Year, average global air cargo rates rose by 4% to $2.52 per kilo, marking an 11% increase compared to the same period last year. Rates from Asia Pacific saw a 6% week-on-week hike, with tonnages also up by 2%. Spot rates from this region climbed to $3.78 per kilo, a 24% year-on-year gain, influenced by the early Lunar New Year. Additionally, Colombian and Ecuadorian flowers dominate air exports to North America, accounting for 98% of the trade, highlighting their market significance despite recent disputes.

Source: https://www.stattimes.com/air-cargo/air-cargo-rates-rebound-ahead-of-lunar-new-year-1354358