Air freight demand from China to the U.S. and EU remains low, with no recovery in e-commerce volumes, leading to canceled freighter flights. In contrast, demand from Southeast Asia, particularly Thailand and Vietnam, is increasing due to an approaching tariff deadline. Intra-Asia traffic is strong, especially on routes to Taiwan and Vietnam, resulting in higher rates. Overall cargo volume has declined, particularly in Europe, while capacity is tight in various Asian routes. The upcoming expiration of a U.S. tariff suspension on Vietnamese exports may also impact rates, creating uncertainty in demand forecasts.

Source: https://www.stattimes.com/air-cargo/scheduled-freighter-flights-continue-to-be-cancelled-dimerco-1355710