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.
China outbound air cargo capacity declined -39% during the Spring festival
2021 Spring festival capacity reductions were limited compared to 2020, when capacity almost halved, due to this year’s sustained levels of air cargo demand.
Grounding of B777 aircraft to result in another ~2% reduction of air cargo capacity
Pratt & Whitney-powered B777 passenger aircraft provided 33k tonnes of capacity in January 2021, representing ~2% of the global total. Further pressure on the air cargo market expected to impact Asia Pacific and North America most.