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).
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.