Following the cooling trend in the sea freight market, air freight, which was once popular during the epidemic, is now experiencing a prosperous and cold winter. With the gradual recovery of global supply chains and the release of air transportation capacity, the benefits brought by the epidemic are fading. Nowadays, the air cargo market is fiercely competitive, and there is even a dilemma of "one cargo difficult to obtain".

　　Two years ago, under the impact of the epidemic, global supply chains were disrupted, ports were congested, and sea freight prices skyrocketed. Coupled with a shortage of transportation capacity, many transportation capacity shifted to air freight, driving up air freight prices. At its peak, freight prices surged fivefold, and freight airlines also showed impressive performance.

　　But after entering 2023, in addition to the recovery of the supply chain after the epidemic, sea and land transportation have started to share the original cargo pie, and air freight prices have been continuously decreasing, making the air freight market no longer prosperous. According to the latest financial reports of major airlines worldwide, transportation revenue has significantly declined. For example, Korean Air 'quarterly report shows that due to weak demand and fierce price competition, the freight revenue in the first quarter dropped by 51%, and the company expects that the demand for air freight in the second quarter will continue to weaken. The latest quarterly report of Singapore Airlines shows that its freight revenue decreased by 14.1% compared with the previous quarter.

　　Since last year, the overall trend of freight transportation has been declining, which is related to the changes in the global new economic situation. Firstly, the gradual recovery of the epidemic, coupled with poor economic conditions such as trade issues between China and the United States and inflation in Europe, has cooled overall freight demand. Secondly, compared to the same period last year, overall demand has decreased. Last year, global air freight demand decreased by 8% annually, and this year, the freight rates from mainland China to North America have dropped by more than 40%, indicating a significant price decline. Thirdly, after the recovery of passenger belly cabin capacity, the supply of capacity increased, and the overall price decreased rapidly. He said, "During the epidemic, we were searching for goods on machines. We have been searching for goods on machines since last year.

　　According to the data released by the Airports Council International, the global air cargo volume last year was about 117 million metric tons, with an annual decrease of 6.7%, 1.7% lower than that in 2019. The total cargo volume of the top ten airports is 30.8 million metric tons, a decrease of 9.9% annually. After entering 2023, the market situation has not improved. According to the data of the International Air Transport Association, the global air cargo demand in March 2023 is 7.7% lower than that in the same period of 2022 (the international demand is 8.1% lower).