Airfreight rides e-commerce to surprise growth in May [Yahoo! Finance]
AIR FRANCE-KLM ADS (AFLYY)
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Source: Yahoo! Finance
It's not happening — yet. Global airfreight volumes didn't subside after China's Lunar New Year holiday in February, as many industry professionals anticipated, and are still going strong, albeit with ebbs and flows. The primary catalysts remain Asian exporters shifting modes because of slower ocean transits around the Red Sea conflict zone and robust bookings by Chinese e-commerce platforms fulfilling orders in Europe and North America. Air cargo demand grew 11% year over year in April — the fourth month in a row that has happened, according to rate benchmarking platform Xeneta. The International Air Transport Association, widely followed by the broader public, also reported lagging data showing volumes grew 10.3% in March and 13% during the first quarter. Sector volume has increased by double digits for five consecutive months, cementing the recovery trend from a steep downcycle that began in 2022. And the momentum has carried over into early May with volumes up 12% to 16%, th
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