The air cargo volatility of the last few years is looking like it could end in 2024 with “classic seasonality” set to return. In its market outlook for 2024, a data provider predicts that air cargo volumes will rise by 1-2% next year, while supply is expected to increase at a higher level of 2-4%.
The low growth rate comes while muted consumer spending is expected to continue.
A chief airfreight officer said that the low growth and calmer market could be a chance for shippers to “catch their breath” after the volatility of the past few years.