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 air cargo capacity is 26% lower compared to last year
Trade lanes to and from Asia fare better than the global average; Eastbound Transpacific capacity grows 4% compared to last year. Asia - Europe capacity declines by only -10% and Asia to Latin America by -13%. Transatlantic air cargo capacity shows no signs of recovery yet.
Passenger freighters drive the continued recovery of widebody belly capacity
Freighter capacity remains relatively stable compared to last week, while belly capacity continues to recover due to passenger freighters, the 17% increase vs. last week equates to 27,000 tonnes of capacity (~1,820 flights).
Growth in passenger freighter capacity is heavily Asia Pacific oriented
The majority of growth in passenger freighter capacity is noticeable to and from Asia, or within the Middle East & South Asia. Other key trade lanes such as the Transatlantic have seen limited passenger freighter growth. Passenger freighters add close to 75,000 tonnes of air cargo capacity per week since peak decline, most of it directed towards urgent demand of Personal Protective Equipment (PPE).