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.

Air cargo capacity was down 12% during 17 – 31 May, compared to the same weeks in 2019

The Transpacific and North America – Latin America were the only trade lanes with positive growth during the last two weeks (vis-a-vis 2019).

Total air cargo capacity growth, 17 – 31 May 2021 vs same weeks 2019

Note: Arrow thickness representative of May 2020 capacity, direct flights only; all flows indicate region-to-region capacity; regions are indicated by color coding; all dates measured in UTC; 1) Total cargo capacity includes international widebody passenger and all freighter flights; Source: Seabury Cargo Capacity Tracking database, Seabury Cargo, Accenture analysis (June 2021)

Belly cargo capacity remains stagnant for most trade lanes; with Europe to North America seeing the largest increase

Widebody belly capacity remains stalled despite the ramp up in vaccines. Small markets in Europe are driving the belly recovery.

Chart showing Air cargo capacity by major trade lane

Source: Seabury Cargo Capacity Tracking Database, Seabury Cargo, Accenture analysis (June 2021)

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