DHL Air Freight State of the Industry – December 2023
Find out the latest developments of the global air freight market in this monthly analysis by DHL Global Forwarding.
- Overall air cargo demand is 3 percent higher than Dec’22 on YoY comparison.
- PMI index increased to 50.4 in November from October's 50.0, indicating a slight revival in production growth.
- Air cargo capacity surged by 10 percent in Dec 2023 vs Dec 2022, boosted by a robust 17 percent growth in passenger belly cargo.
- Capacity remains sufficient in most regions, with some industry constraints and backlogs due to higher seasonal demand in Q4 2023