Xeneta anticipates a weaker second half of the year for air cargo.

Air freight rates are gradually declining from the highs seen after the Middle East conflict escalated in February, with July 2026 spot rates averaging $3.12 per kg, reflecting a 28% year-on-year increase but a slowdown in growth. Xeneta anticipates a weaker demand in the second half of 2026, with little expectation for a traditional peak season. The EU's new duty on low-value imports has impacted rates, particularly in Asia–Europe corridors, while geopolitical tensions and fluctuating fuel prices contribute to ongoing market uncertainty.