Worldwide air cargo volumes decreased by 9% in week 22, even with increases in rates.

Global air cargo volumes dropped 9% from May 25 to 31, impacted by holidays like Pentecost and Eid al-Adha, with the most significant declines in Africa (-20%) and the MESA region (-21%). Despite this, average air freight rates rose by 2% due to a 1% contraction in global capacity. Year-on-year, cargo volumes decreased by 3%, although Asia Pacific and CSA experienced slight growth. The average global air freight rate increased to $3.29 per kilogram, marking a 35% rise from the previous year, driven by significant increases from MESA and Africa.