Airfreight rates have continued their upward trajectory in recent weeks, even as capacity expands and demand shows signs of easing, according to the latest figures from WorldACD. Data for the week ending April 12 (week 15) reveals that global airfreight spot rates rose 37% year on year to $3.76 per kg. Compared to the end of February—when the Iran war began—rates have climbed by more than 40%. The surge is largely attributed to ongoing supply chain disruptions caused by the conflict. Airlines are being forced to operate longer flight routes, while a sharp rise in jet fuel prices has further driven up operating costs. Regionally, spot rates from North America increased by 52% year on year to $2.73 per kg. Africa saw a 62% rise to $2.95 per kg, while Asia Pacific recorded a 24% increase, reaching $4.95 per kg. Despite weaker demand signals, the combined impact of geopolitical tensions and higher operating expenses continues to put upward pressure on airfreight pricing.
