Global logistics giant DHL Group has reported stronger-than-expected financial results, surpassing its 2025 profit target, even as it warned of a slowdown in air freight volumes amid softer global trade demand.
The company said its operating profit exceeded previously set targets, supported by strong performance across its express, supply chain and e-commerce logistics divisions. Cost management measures and improved operational efficiency also helped boost profitability during the year.
However, DHL noted that its air cargo segment experienced a decline in shipment volumes, reflecting weaker demand in certain trade lanes and ongoing volatility in global freight markets. The slowdown follows a period of exceptionally high demand during the pandemic-era logistics boom, when air freight rates and cargo volumes surged.
The company’s air cargo activities are largely handled through its dedicated cargo airline DHL Aviation, which connects major logistics hubs across Europe, Asia and the Americas. While capacity remains strong, the company said shipment volumes have softened as global supply chains gradually normalize.
Industry analysts say air freight demand has been uneven due to fluctuating manufacturing output, inventory adjustments by retailers and geopolitical uncertainties affecting key trade routes. Despite this, DHL indicated that overall logistics demand remains resilient, particularly in parcel delivery and contract logistics services.
Looking ahead, DHL said it expects moderate growth in global logistics markets, though it remains cautious about the near-term outlook for air cargo as macroeconomic uncertainty and geopolitical tensions continue to influence international trade flows.
The company added that it will continue investing in network expansion, digital logistics solutions and sustainability initiatives to maintain its competitive position in the global logistics sector.
