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 23% last two weeks compared to last year
Air cargo capacity slightly increased compared to the -26% decline for the previous two weeks. The Transpacific is back at 2019 levels. Global cargo capacity is at its highest level since mid-March.
Middle Eastern trade lanes are driving the recovery of belly cargo capacity
Intra-Asia Pacific remains the largest trade lane, however growth since the peak decline week has been limited. Intra-Middle East and Middle East – Europe have seen the highest growth rates since the peak decline. The Transpacific and the Transatlantic have also seen high growth rates.