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 international air cargo capacity was down -7% between 20 Dec ‘21–2 Jan ‘22, compared to two years ago

Capacity fluctuations over the holidays have impacted figures versus “normal” weeks

International air cargo capacity, Feb 2020-Jan 2022

20 Dec 2021–2 Jan 2022 compared to 16 Dec–29 Dec 2019; Direct international flights only; all flows indicate region-to-region capacity; regions indicated by color; dates measured in UTC; 1) Total air cargo capacity includes widebody passenger and all freighter flights.

Source: Seabury Cargo Capacity Tracking database, Seabury Cargo, Accenture analysis (January 2022)

Hong Kong air cargo capacity could be severely affected by crew quarantine measures

Hong Kong air cargo capacity may be severely reduced if other carriers (in addition to Cathay Pacific) have to cancel flights (especially freighters)

Impact of crew quarantine measures on Hong Kong air cargo

Note: Days measured in UTC time; Air cargo capacity includes both airline freighters, integrator freighters and widebody passenger aircraft.

Source: “Hong Kong sets strict air cargo crew quarantine”, Air Cargo News (4 January 2022), Seabury Cargo Capacity Tracking database, Seabury Cargo, Accenture analysis (January 2022)



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