Conventional human-on-human violence is very rare. The vast majority of the violence is mild and consists of just airships engaging in cannon battles and dogfights. When human violence does occur, it is mild to moderate in both intensity and depiction. Small amounts of blood are usually shown in these instances, but nothing near gore.
Probably the most violent scene is a brief instance where a man breaks a woman's neck with his bare hand (fully onscreen). It appears as though he is choking her, but then we hear an audible "snap!" and then her body drops to the floor. This is probably the only reason why I'd label the violence in this show "Moderate" over "Mild".