Europe and America's air routes are experiencing overbooking, with freight rates continuing to rise

      Entering May, international air freight routes in Europe and America are experiencing a surge in cabin demand, with a continuous widening gap in cabin supply and an increasingly prominent phenomenon of "one cabin difficult to find" in the market. The entire month's cabin space on European routes has been sold out, and the booking schedule is full. Currently, it is expected that cabin resources will remain tight in the first half of June, and it is difficult to ease in the short term.

      The situation of North American air routes is also severe, with a general shortage of cabin space at major ports in China. Among them, the main airports in East China have concentrated cargo volume and strong demand for shipment, with frequent occurrences of flight overloading and temporary container dumping, which significantly affects the on-time shipment of goods.

      The freight rates have risen synchronously. As of May 19th, market statistics show that the Shanghai outbound air freight price index has increased by 38.6% year-on-year, and the Baltic sea air freight price index has increased by 30.4% year-on-year. The double pressure on freight rates and cabin seats in this round is mainly due to two reasons: firstly, the high international aviation fuel prices have led to a significant increase in operating costs for airlines, and some airlines have voluntarily tightened their capacity allocation; Secondly, the concentrated release of shipping demand for cross-border e-commerce, industrial products, general cargo, and other goods has led to a serious imbalance in market supply and demand, further driving up the comprehensive cost of air transportation.