Global air cargo volumes declined by 3% week on week (WoW) during the week of July 20 to 26, 2026, while capacity fell by 1%, according to the latest Weekly Air Cargo Trends report from WorldACD Market Data. Africa recorded the sharpest WoW decline at 7%, followed by Asia Pacific at 5%. Asia Pacific volumes declined both within the region and to most international markets over the two-week comparison period, except for North America. Cargo volumes from Hong Kong to Europe declined by another 1%, resulting in a 23% year-on-year (YoY) fall. Traffic linked to artificial intelligence supported higher cargo volumes from Singapore, South Korea, Taiwan and Vietnam to the United States.