Cargo rates dip 20% in Dec as 2025 revenues rise 3%

Air cargo activity in the Middle East remained resilient in 2025, even as freight rates from the region declined sharply, according to the latest WorldACD Weekly Air Cargo Trends report.

Globally, air cargo revenues rose by 3% in 2025, supported by a 4% increase in full-year chargeable weight to a new record. December ended strongly, with worldwide cargo volumes up 7% year on year, the highest monthly growth seen during the year.

However, pricing pressure was clear in the Middle East and South Asia (MESA) region. Average spot rates from MESA origins in December were 20% lower than a year earlier, one of the steepest declines globally. This drop came despite steady cargo flows through key Middle East hubs, which continue to play a central role in connecting Asia with Europe, Africa and North America.

Worldwide average air cargo rates slipped by 1% in 2025, while December full-market rates stood at $2.65 per kg, down 2% year on year. Spot rates averaged $2.88 per kg in December, 6% lower than the same month in 2024.

In the final two weeks of December, airlines reduced capacity by 9% as demand softened, a typical year-end pattern. Overall, the data highlights strong volumes but weaker yields for Middle East air cargo operators heading into 2026.