The state of air cargo and global trade
The COVID-19 pandemic is a health and humanitarian crisis, and it is also an economic shock. We will be providing weekly updates throughout the COVID-19 crisis on air cargo capacity changes based on actual flight movements.
With our comprehensive, reliable and up-to-date demand and supply databases, Seabury Consulting, now part of Accenture's travel industry practice, is able to provide insights and data on air, express and ocean freight demand and capacity on a global basis.
Global air cargo capacity declined 26% last week compared to last year
North America – Latin America decreases by only 7%. Transpacific Eastbound capacity grows 2% compared to last year; Europe – Asia capacity declines by -23%. Europe – Latin America capacity is still 75% lower than last year.
Passenger freighters out of China have decreased 30% since mid-May
Freighter capacity has been relatively stable since the peak in mid-May and declined slighty by -5%; the stronger decline in passenger freighter capacity is concentrated in China (PVG, PEK and CAN).
Over 70% of air trade from Asia Pacific to USA now originates from China
China’s share of Asia to USA trade spiked in April after a strong drop in February, due to strong air trade demand for PPE and related products, which is expected to slow down in the coming months.