DHL - Airfreight March 2023

DHL predicts that in the second half of 2023, the airfreight industry may face disruptions due to unforeseen circumstances such as the recent earthquake in Turkey and Syria. There may also be lower demand due to higher inflation around the world, and the Purchasing Managers' Index (PMI) suggests comparatively lower airfreight volumes. Additionally, there may be upcoming ocean overcapacity that could affect air freight demand. In response, DHL plans to focus on "green logistics" and invest in sustainable aviation fuel partnerships between forwarders and airlines. However, despite the challenges faced, DHL predicts that capacity recovery will continue due to an increase in passenger demand, which will increase belly capacity. The company also expects flight frequencies to support any volume surge. Finally, DHL expects rates to remain elevated in a competitive market, with the potential for long-term rate stabilization in 2023. Higher jet fuel costs are predicted to continue to affect freight rates.