Weekly Air Operations Update: Asia to Europe, US and Australia 29/11/24

General overview:  Currently, the air freight market remains highly active, with all routes operating at full capacity. As a result, air cargo rates have been steadily increasing. This trend is expected to continue until the end of December.

Shanghai to London

• Airport operations are currently normal
• Hauliers are working as normal
• One Air has cancelled flights ex HGH to EMA
• In Guangzhou, CZ cancelled flights ex CAN to STN on 26/27/30 Nov
• Weather is normal
• Space is very tight
• Air rates are increasing

Shanghai to New York

• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• Weather is normal
• Space is very tight
• Air rates are increasing

Shanghai to Los Angeles

• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• Weather is normal
• Space is very tight
• Air rates are increasing

Shanghai to Frankfurt

• Airport operations are currently normal
• Hauliers are working as normal
• One Air has cancelled flights ex HGH to EMA
• In Guangzhou, CZ cancelled flights ex CAN to STN on 26/27/30 Nov
• Weather is normal
• Space is very tight
• Air rates are increasing

Shanghai to Melbourne

• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• Weather is normal
• Space is very tight
• Air rates are increasing

Shanghai to Sydney

• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• Weather is normal
• Space is very tight
• Air rates are increasing

Market intel

Air cargo demand for China flights rises before Xmas rush

AIR freight groups and airlines, which only recently cut flights to China amid weak tourist demand, are scrambling to reroute planes and cash in on elevated freight rates out of the country ahead of the Christmas shopping season, reports London's Financial Times.

Strong growth in demand for cheap online goods from Chinese ecommerce groups and the rising use of air freight amid disruption in the Red Sea are threatening to overwhelm the already strained rapid delivery market before Christmas, causing air freight rates to jump.

The freight rate for flying goods from Asia to the US has surged, with the average spot price in October up 49 per cent from a year ago to US$5.46 a kilogramme, according to market analytics firm Xeneta. Rates from Asia to Europe rose 25 per cent over the same period.

The jump in air freight demand comes as China-founded ecommerce groups respond to western consumers' appetite for cheap goods. Many of their shipments are sent direct to consumers by air, taking advantage of import duty exemptions on shipments below a certain price.

Source: SeaNews