Air cargo rates from Asia to Europe increase 8-12% in October 2025, but remain 25% below peak season levels of previous years. Spot rates from Hong Kong to Amsterdam reach $3.85/kg, while Shanghai-Frankfurt averages $4.20/kg. Weak consumer demand and shift to sea freight for non-urgent e-commerce shipments dampen traditional peak season surge. Carriers struggle with excess belly capacity as passenger travel recovers. Moderate air freight rate increases affect time-sensitive European logistics costs but remain manageable compared to 2024. Shippers have negotiating leverage for contract rates. Pharmaceutical and electronics sectors face higher costs but benefit from available capacity. Consider sea-air hybrid solutions via Dubai or Istanbul for cost optimization on semi-urgent shipments.