The current state of air cargo capacity

As a result of the COVID-19 pandemic, the world stopped traveling. Closed borders and strict travel requirements meant that actual flight movements were severely impacted, which caused a knock-on effect on air cargo logistics and global trade. But whilst the world returns to the skies once again, air cargo industry players are adapting to a very different landscape.

With our comprehensive, reliable and up-to-date demand and supply databases, our travel industry practice is able to provide insights and data on global air cargo capacity, express and ocean freight demand and capacity on a regular basis.

Intra-Asia capacity is up solely due to high freighter activity

Note: Jan 1, 2024-Jan 28, 2024 compared to Dec 31, 2018-Jan 27, 2019; Direct international flights only; Flows indicate region-to-region capacity; regions indicated by color;

1) Total air cargo capacity includes widebody passenger and all freighter flights; Source: Accenture Cargo Capacity Tracking database, Accenture Cargo analysis (February 2024)

Average January 2024 yields still down versus January 2023

Note: Transpacific yields based on “Hong Kong–North America”, Asia-Europe yields based on “Hong Kong–Europe”;

Source: Baltic exchange airfreight index; 1) Air Cargo News; Accenture Cargo analysis (February 2024);